We've partnered with Stripe to provide quick and easy payments– called Payouts – to Artists who use our platform. Payouts are initiated immediately following an Artist's Threshow.
For example, if an Artist has a Threshow from 7-9pm on Aug. 28th, we will trigger Stripe to send the Artist the total amount she earned for that event, minus Threshold's platform fee, at 9pm on Aug. 28th.
How long does it take Stripe to send Artist Payouts?
Below is Stripe's Payout Policy:
"To receive funds for payments you’ve processed, Stripe makes deposits (payouts) from your available account balance into your bank account. This account balance is comprised of different types of transactions (e.g., payments, refunds, etc.).
Payout availability depends on a number of factors such as the industry and country you’re operating in, and the risks involved. When you start processing live payments from your customers with Stripe, you will not receive your first payout until 7–10 days after your first successful payment is received. The first payout usually takes a little longer in order to establish the Stripe account. Subsequent payouts are then processed according to your account’s payout schedule."