Timing of Stripe Payouts
By default, the Castiron payout frequency is once per week. Stripe sends the money you've earned from selling to your bank account on Mondays and should arrive in your account by end of day Wednesday. Every time you get paid, you will be charged 0.25% and $0.25 on payout. These fees are set by Stripe and are not associated with Castiron.
First Time Sellers: The first payout for every new Stripe account takes 7-14 days to deposit into the bank account. This cannot be waived and will still apply even if the payout schedule is changed. This period is necessary to mitigate risks and we cannot speed this up. When the bank receives the funds, they deposit the funds to the account immediately but occasionally some banks may take an additional 2-3 days.
Cutoff Timing: Any payments made before Wednesday night will be included in the following Monday payout. Any sales made after Wednesday night will be included in the payout in Monday after next.
You can view a list of all of your payouts and the date that they are expected to be received in your bank account in your Stripe dashboard.