Pay out to connected accounts
Manage payouts and external accounts for your platform's connected accounts.
Funds from customer payments accumulate in a connected account’s balance. Connected accounts can transfer those funds into their external accounts through payouts. As the merchant of record on your SaaS platform, your connected accounts can access their payout settings to:
- Schedule the frequency of automatic payouts
- Perform manual payouts
- Settle funds instantly
Supported settlement currencies
Select a country from the following dropdown to see the currencies you must pay out funds in when your connected account’s external bank account in that country.
Note
For a list of supported presentment currencies, see the currencies documentation.
Loading a table of connect payout currencies
You can also enable your connected accounts to settle funds and pay out to banks in certain non-primary currencies, or pay out to non-domestic bank accounts in the local currency. In some cases, Stripe charges a fee. For more information, see multi-currency settlement for Connect marketplaces and platforms.
Track payouts with webhooks
You can track all payout activity on connected accounts with webhooks by creating an event destination and listening for these events:
- payout. created
- payout. updated
- payout. paid
- payout. failed
For most payouts, event notifications occur over a series of days. Instant payouts typically send payout.paid within 30 minutes.
When a payout can’t be completed, a payout.failed event occurs. The event’s failure_code property indicates the reason. A failed payout also disables the external account involved in that payout, triggering an account.external_account.updated event. No payouts can be made to that external account until the platform updates the connected account’s external accounts.
Next steps
After your connected account can accept payments and pay out their revenue, configure how to handle refunds and disputes.