How payments with Stripe work

Stripe is an online payment processor. Skyfarer Academy is integrated with Stripe Connect with Custom Accounts to power payments and payouts between the customers and providers (or, the buyers and sellers) in our platform.

Customers can pay with their credit or debit cards. Providers can accept payouts directly to their bank accounts.

Do I need to create a Stripe account?

No - you do not need to create a Stripe account.

Customers pay by entering their payment card details. They do have the option to save these payment details in your marketplace.

Providers must add their payout details (bank account where to receive their earnings). These are added through a Stripe-hosted onboarding wizard.

When are funds paid out to the provider/seller?

After payment, funds are held in Stripe until a transaction is marked complete. Then, funds are transferred from our platform account to the provider/seller's bank account.

Note: Purchase or Calendar booking are made up of different steps leading to a completed transaction.

What payment methods does my marketplace support?

Card payments (credit card or debit card) are supported.