STORENVY

STORENVY

How do I get paid?

How do I get paid?

You have the power to choose your payment processor, Stripe or Paypal. You can use Stripe, Paypal, or both payment methods in your Marketplace and Custom Storefront.

Stripe
When a customer places an order with you, the money will be transferred to Stripe who will hold it for a few days before transferring it directly to your bank account. How many days depends on the transfer schedule you have set up with them. You can find more information here https://stripe.com/help/transfers If you need to, you can change the bank account information from your Stripe dashboard. Stripe takes a small fee (2.9% +$0.30) on every transaction, though this can be reduced if you make more than $80,000 a month through Stripe. https://stripe.com/us/pricing

Paypal
When a customer places an order, the money from the sale will go straight into your PayPal account. To withdraw money from your PayPal account, log into your account at PayPal.com and follow the instructions there. The balance in your PayPal account must be manually withdrawn, but you can do this at any time. You also have the option to get a PayPal debit card which allows you to pay for things using the money in your PayPal account. PayPal takes a small fee (also 2.9% + $.30) on each transaction.

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