Public preview

Send money Public preview

Learn how to send money in local currency to recipients in more than 160 countries and domestically.

You can use the Dashboard or the API to send payouts. Speed and cost of payout methods vary.

Before you begin

Make sure you have access to Treasury .
Activate a financial account.
Add funds to the financial account .
Create recipients and select their payout methods.

To send payouts to recipients directly from the Dashboard:

Go to Treasury > Payouts .
Click Send money .
Search and choose from the recipient list, or click Add new recipient . Click Continue .
Choose the amount you want to send.

If you’re sending a cross-border payout and converting currencies, you can specify either the sending amount or the amount the recipient receives in the local currency.

Choose the payout method you want to use.
(Optional) You can add an internal note to reference when managing payouts. Notes are visible only to you and limited to 50 characters.
(Optional) If you want Stripe to send a confirmation email to your recipients on your behalf, select the box.
Click Review , then review the details and click Send .

If you’re sending a cross-border payout and converting currencies, the exchange rate might be updated. If so, the updated rate and the estimated payout amount and fees are shown. The rate on the review page is the finalized rate.

After you send the payout to the recipient, track your payout status on the Payouts page. See Monitor and manage payouts for more detail on payout statuses and how to view them.

Schedule payouts Public preview

In the Dashboard, you can schedule payouts to be sent up to 180 days in the future. Stripe doesn’t hold funds for a scheduled payout. If there are insufficient funds on the scheduled payout date, the payout fails and you receive an email.

Contact support to get access to this preview feature.

To schedule a future payout:

After clicking Send money and selecting the payout amount and recipient, click the calendar icon ( ) in the When field.
In the calendar, select the date on which to send the payout.
Click Continue . After reviewing the payout details, click Schedule .

To view your scheduled payouts, go to the Scheduled tab.

Statement descriptors

Statement descriptors explain charges or payments on bank statements. By default, a payout recipient sees your account’s statement descriptor.

Customize statement descriptors Public preview

You can customize the descriptor for each payout when you create it.

When creating a payout in the Dashboard, enter a custom statement descriptor in the Statement descriptor field.

For minimum and maximum payout amounts by country, see Payout amounts.

When sending funds for payroll purposes to recipients in the US with ACH, the related setting rules require the originator to explicitly identify the payouts as such. When sending an OutboundPayment, set the purpose parameter to payroll to ensure compliance with this requirement.