We've partnered with Stripe to give shop owners the ability to sell products and cards online securely. In simple terms, think of PROSHOP Digital as the cash register and Stripe is the debit terminal that sits next to it. Two separate systems that work well together so you can run your business!
Our software makes it easy to start selling online but it's important to remember that you will need to remember your Stripe login details so you can manage your transactions, issue refunds, connect or change your bank account, email receipts, and setup taxes. Stripe accepts payments on your behalf, performs fraud detection, and many more useful features. Your revenue is then deposited directly to your bank account minus Stripe's 2.9% + $0.30 per transaction fee which comes off the top of every transaction.
You have the option of connecting your existing Stripe account, or our software will walk you through the steps to create a new account:
Steps
- Login to your shop owner account and go to the Shop Integrations page
- Locate the Payments section then click the Start Onboarding button. If you've already started this process but haven't finished, you'll see a yellow Incomplete alert. Simply click the Start Onboarding button again to complete the process
- After clicking the button, you'll be directed to Stripe's onboarding process where you will be prompted to enter your personal, business and bank account information. All of these details are stored securely with Stripe. These details are used to verify your identity as well as determine where your customer payments will be deposited to
- Once you complete the process, you'll be redirected to the Shop Integrations page once more, but this time you should see the green Connected alert meaning you're ready to start accepting payments
- Tell your customers!
Important Considerations
Payouts
A payout is when Stripe deposits money into your bank account. By default, especially on new accounts, Stripe may hold funds up to 7 days before depositing to your bank account. With growing cases of fraud all over the world, this is a security measure to protect everyone involved in the transaction. As your account grows you can begin to qualify for next-day and instant payouts.
You can manage your payout settings on Stripe here.
Read more about Stripe payouts here: https://stripe.com/docs/payouts#payout-schedule
Taxes
By default, taxes won't apply to your products and services unless you add tax rates. Read more about how to charge tax here.
