In order to cash out your hard earned funds on Stan.Store, you’ll first need to setup your Direct Deposit by creating a Stripe Custom account with Stan. You can do so by following the simple steps below:
- Make your way to the Settings tab in the bottom lefthand corner.
- Then, click into the Payments tab to get started on connecting Stripe.
- Press Connect and a pop-up window should show with an option to choose a country
- Enter a phone number and the email address you used to create your Stan account
- It’ll then ask you to verify your account with a phone number to receive a text message.
- Please note, if the country you selected is different than the country of origin for your phone number, you will not receive the text message. For example, if you select United States, but you have a European phone number, you will not receive the SMS message.
- You’ll then need to enter in all of your personal details: name, email address, phone number, home address, birthday, and last 4 digits of your SSN.
- Select your industry.
- Enter in your bank account information of where you’d like to receive your payouts.
- Review and submit your information! You’re all set!
Verifying Your Stripe Account
Stripe may take up to 3-7 business days to initially verify your account. The verification process normally begins after your first sale through Stan. You’ll see these funds in Pending for 3-7 business days before it moves to Account Balance where you’ll be able to cash out.
- If you have an existing balance before you setup your Direct Deposit, this will be moved to your Stripe account as soon as it is verified (if you sold anything prior to setting up your direct deposit).
- Please keep in mind that funds cannot be transferred to your account until it is fully verified by Stripe.
After you’ve been verified by Stripe, payouts may take up to 2-3 business days to transfer to Account Balance and be ready for cashing out. You’ll see an estimated timeline below the Settings button.
How to Cash Out
Once your Stripe account has been verified, the funds will move from Pending to Account Balance and the + Cash Out button will become clickable!
- If the + Cash Out button is not clickable, it is likely because your Stripe account has not been verified yet or you don’t have funds available to cash out. Don’t stress – this process usually takes around 3-7 business days after your first sale through Stan.
Once you hit + Cash Out, it’ll take about 2-3 business days for the funds to hit your bank account.
If you’re banking outside of the United States, your funds may take a bit longer as some international Creators are on a 7 day rolling basis. This means you will only be able to cash out 7 business days after the customer makes their purchase. After you hit “Cash Out” the money should hit your bank within 24 hours! Unfortunately, This isn’t something we can control on our end as it’s managed by Stripe. However, we are actively working on seeing if it’s possible for Stripe to increase the speed of payouts in the future and we’ll keep you posted if we have any updates!
What does “Pending” and “Account Balance” mean?
If you funds are in Pending, it means your funds are still being settled in Stripe, but they are on the way! Once they become available, the total will be added to the Account Balance section and you will be able to cash out.
What does “Held By Stan” mean?
If you see funds in this section, it means that Stan owes you referral bonuses and affiliate share income! These normally get paid about every 3-5 business days on a rolling basis.
Still Having Trouble?
Read our 2024 Updated Review on Stan.Store
GIPHY App Key not set. Please check settings
One Comment