Setting Up Direct Deposit via Stripe Connect
⏱︎ 4 minutes
Stripe Connect is a direct deposit payout option that allows you to opt for daily, weekly, or monthly deposits directly to your Stripe account, setup through your BookTix account.
If you require your payouts to be specific (i.e. event-based or item-based), you may want to opt for BookTix Payments via Check or ePayment instead.
If you had sales previously via the BookTix Gateway, you will need to receive payment for that revenue via check or ACH/Epayment - not via Stripe Connect/Direct Deposit.
Getting Set Up with Direct Deposit through Stripe Connect
1. Log in and navigate to the Organization Dashboard via the gear on the top right.
Only organization administrators can access this page.
2. Under the Financial Management header, click the expander next to Balances and Payments and click PAYMENT SYSTEM OPTIONS.
3. Under Direct Deposit by Stripe, click CONNECT WITH STRIPE.
The next steps of account setup in Stripe must be completed by an individual authorized to open a Stripe account for your organization and will require personal identification details, not just organization information.
These details are required by law just as if you were opening a new bank account.
4. Enter your phone number and submit the verification code once you have received it.
5. Enter your Business Information, including an EIN or Social Security Number for verification purposes, then click CONTINUE.
6. Verify Your personal details.
If you are not the business owner, you will be prompted to enter additional information:
7. Search to find your bank, then you will be prompted to login to your account.
The below screenshot is a test account and does not display valid banking options and is for reference only.
8. You will be prompted to agree to Stripe's policy, and connect your bank account.
Optional step: Save your account via Link
9. Once logged in, select the bank account that you'd like to use for Stripe Direct Deposit payouts, and click CONTINUE.
10. Review and submit your information.
If complete, you will see the following message:
If your account requires more information for setup, you will see the following message in your BookTix Payment Options page:
It may be necessary to enter additional information in Stripe Setup to verify your identity, such as an ID. Click GO TO STRIPE to continue your verification process.If you've not received this alert, your account should be verified.
Your Stripe Direct Deposit option is now setup and enabled!
Update Your Payout Schedule
Payouts default to Daily, however you can edit this interval at any time.
Stripe closes daily at midnight UTC so payouts may be based on a different time zone than that of your BookTix account.
2. Select your desired payout interval and click UPDATE.
Interval Options:
- Daily
- Weekly (select day of the week)
- Monthly (select day of the month)
You're now ready to receive Direct Deposit payout via Stripe!
Note: Payments are batched at midnight UTC, so not all transactions in your local timezone will be included together.
Disabling and Switching Back to Check or Epayment
Click ENABLE BOOKTIX PAYMENTS AND DISABLE STRIPE PAYMENT COLLECTION.
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