Setting Up Stripe Payouts
When customers pay via Trade2Base, the money is collected by Stripe and held in your Stripe balance before being transferred to your bank account as a payout. This article explains how payouts work and how to manage them.
How Stripe payouts work
The flow from customer payment to your bank account works like this:
The customer pays their invoice or deposit via Stripe. The funds are collected and held in your Stripe balance, minus Stripe's processing fee.
On your payout schedule (standard: 2-day rolling), Stripe automatically transfers the funds from your Stripe balance to the bank account you have linked in your Stripe Dashboard.
Your bank processes the incoming transfer. Most UK banks show the funds on the same day Stripe sends the transfer.
Payout schedule
Stripe's standard payout schedule is 2-day rolling. This means that payments collected on Monday are paid out to your bank on Wednesday, payments from Tuesday on Thursday, and so on. You can change this schedule in your Stripe Dashboard if needed.
Log in to your Stripe Dashboard at dashboard.stripe.com. Go to Settings → Payouts and choose your preferred schedule: daily, weekly, or monthly. More frequent payouts give you faster access to funds; less frequent payouts simplify your bank reconciliation.
Stripe sends you an email notification each time a payout is initiated. The email shows the payout amount and the expected arrival date.
Setting your bank account in Stripe
Your payout bank account is managed in Stripe, not in Trade2Base. To add or change your bank account:
Go to dashboard.stripe.com and sign in with your Stripe credentials.
Enter your UK bank account sort code and account number. Stripe will verify the account with a small test deposit (usually under £0.01) which arrives within 1–2 business days.
Once the test deposit appears in your bank statement, return to Stripe and confirm the amount. Your bank account is now verified and ready for payouts.
Viewing payout history
To see a full list of past payouts, log in to your Stripe Dashboard and go to Payouts. Each payout is listed with:
The payout date and arrival date
The total amount transferred
A breakdown of the transactions included in that payout
The bank account the payout was sent to
You can export payout history from the Stripe Dashboard as a CSV for reconciliation with your accounting software (Xero, QuickBooks, or similar).
Failed payouts
A payout can fail if your bank account details are incorrect or your bank rejects the transfer. If a payout fails, Stripe sends you an email notification and the funds are returned to your Stripe balance.
Log in to your Stripe Dashboard and go to Payouts to see the failure reason. Update your bank account details under Settings → Payouts → Bank Accounts. Once corrected, Stripe will retry the payout automatically, or you can trigger a manual payout from the Stripe Dashboard.
Instant payouts
If you need funds in your bank account immediately, Stripe offers Instant Payouts to eligible accounts. Instant payouts arrive in your bank within minutes, even on weekends and bank holidays. There is an additional fee of 2% of the payout amount for this service.
To use instant payouts, your bank account must be linked to a debit card that supports instant transfers. Not all UK banks support this — check the Stripe Dashboard to see if your account is eligible.
VAT on Stripe fees
Stripe charges processing fees on each payment collected. For UK businesses, Stripe's fees are generally VAT-exempt on the payment processing element, but you should check your Stripe tax settings and confirm with your accountant.
In your Stripe Dashboard, go to Settings → Tax to review how Stripe charges VAT on its services. Depending on your business location and VAT registration status, different rules may apply.
Stripe issues monthly invoices for all fees charged. Download these from your Stripe Dashboard (Settings → Billing → Invoices) and provide them to your accountant for VAT reconciliation.
Frequently asked questions
Your first payout typically takes 7 days after your first successful charge. This is a standard Stripe verification period for new accounts. After the first payout, subsequent payouts follow your normal schedule (e.g. 2-day rolling).
Stripe deducts its processing fees from each payment before the funds reach your Stripe balance. The payout amount is the net total after fees. Check your Stripe Dashboard under Payments to see the fee breakdown for each transaction.
You can add multiple bank accounts in Stripe, but only one can be set as the default payout account at a time. You can switch between them in Stripe Dashboard → Settings → Payouts.
Stripe requires a minimum balance before initiating a payout. For GBP accounts, this is typically £1.00. If your Stripe balance is below this, the payout will be held until the threshold is met.
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