Payouts and transaction fees
What are Stripe's transaction fees?
Please contact us at team@pay.gov.sg for more information.
How are transaction fees paid?
Stripe deducts transaction fees from the payout before depositing it to your agency's bank account.
Can I pay transaction fees separately instead of having it deducted from my payout?
No, Stripe uses net settlement and only deposits the payout upon transaction fee deduction.
How can I change the payout schedule?
Refer to our section on this here.
Can I customise the descriptor that will be reflected in payers' bank statements?
Yes, you can customise the descriptor on Stripe's dashboard.
Can I customise the descriptor that will be reflected in my agency's bank statements?
For Stripe users, you can contact Stripe directly to customise this.
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