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home/Knowledge Base/Help with Selling/Online store setup checklist/Getting paid with Goodbrand Payouts

Getting paid with Goodbrand Payouts

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Written by Lanna
July 8, 2020

0Set up your bank account to receive payouts.

In order for you to receive funds, Goodbrand worked with Stripe to build Express Pay, providing our Merchants the ability to decide when they want to get paid—typically within a few hours.

If your store has Goodbrand Payments enabled, then you receive payments through Stripe Payouts when a customer pays using Goodbrand Payments and specific accelerated checkouts.

Pay periods

Your pay period refers to the amount of time between the day a customer places an order on your store, and the day the funds from that order are sent to your bank account. The day a customer places an order on your store is determined from the time that the order was placed in the UTC time zone. Funds from orders placed on Friday, Saturday, and Sunday are grouped and sent together as one payment.

Note

The funds might not appear in your bank account right after they’re sent. Banks typically take between 24-72 hours to process deposits to your bank account.

The length of your pay period depends on the country where your store is based:

Country Pay period
Australia 2 business days

Payout and fee tracking

Caution

You must complete the setup of your Stripe Payments account, including all your business details and banking information, within 21 days of your first sale. If your account is not set up within 21 days, then all payments are automatically refunded to the buyer.

You can track your scheduled payout balance and payout schedule from the Goodbrand admin or Stripe Dashboard. Payments are synced with their orders. This makes it easy to see how much you receive for an individual order.

Connect to Stripe

Steps:

  1. From your Seller Dashboard admin, go to Settings > Connect to Stripe.
Connect_To_Stripe

Connect_To_Stripe

2. After clicking on the Connect with Stripe button, below page will open where you has to fill information to connect to stripe account.

Stripe-connect-details

Stripe-connect-details

Once the details are filled in the above screenshot and clicking “Authorize Access To This Account“, the seller connected with the admin application and then redirected to their account.

View your payouts

Steps:

  1. From your Stripe admin, go to Settings > Payment providers.
  1. In the Stripe Payments section, click the View payouts button.

You can view all your payout information on the Stripe Payouts page. The page shows your previous and next payout. If you have scheduled your payouts, then you see the estimated date that you get paid. You can see the available balance for your next payout and any funds held in reserve.

The All payouts section has a list of all your payouts. Payouts marked as Scheduled are for sales that you’ve made, but that haven’t been sent to your bank account yet. Payouts marked as Paid have already been sent to your bank account.

From this page, you can also view the details of any specific payout.

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