Payouts
When and how you receive your funds.
How Payment Processing Works
Ippon System integrates with payment providers (Stripe or Square) but does not handle your money directly. When members pay, funds flow directly from them to your Stripe or Square account, then to your bank. You manage payouts, bank accounts, and transfers through your provider's dashboard.
After processing payments through Stripe or Square, funds are automatically deposited to your bank account on a regular schedule. This guide explains when and how you receive your money.
Payout Schedules
Stripe
- Standard: 2 business days after payment
- Frequency: Daily (can be changed)
- Minimum: None
New Stripe accounts may have longer initial payout times (7-14 days) while verification completes.
Square
- Standard: 1-2 business days after payment
- Instant: Available for 1.5% fee
- Minimum: $25 for standard, $50 for instant
Square also offers instant deposits to a linked debit card for a small fee.
Understanding Your Payouts
Gross vs Net
Gross: Total amount customers paid.
Net: Amount you receive after processing fees are deducted.
Payouts are always the net amount.
Payout Batching
Multiple payments from the same day are typically combined into a single bank deposit. Check your provider's dashboard for itemized breakdowns.
Bank Statement
Payouts appear on your bank statement as "STRIPE" or "SQ *" followed by identifiers. Match these to your provider dashboard for reconciliation.
Changing Payout Settings
Payout settings are managed in your payment provider's dashboard, not in Ippon System:
Stripe Dashboard
Go to dashboard.stripe.com → Settings → Payouts. Here you can:
- • Change payout frequency (daily, weekly, monthly)
- • Update bank account details
- • Set payout schedule (specific day of week/month)
- • View payout history
Square Dashboard
Go to squareup.com → Balance → Bank Accounts. Here you can:
- • Link or change bank accounts
- • Enable instant deposits
- • View transfer history
Payout Holds and Reserves
Why Payouts Might Be Held
- • New account verification in progress
- • Unusual transaction patterns
- • High refund or chargeback rate
- • Missing business documentation
- • Negative balance from refunds
Reserve Funds
Some accounts may have a reserve requirement where a percentage of payments is held back to cover potential refunds or chargebacks. This is more common for new accounts or high-volume businesses.
Reconciliation Tips
Daily Export
Export daily payment reports from Ippon System and compare with your provider's payout reports for accurate bookkeeping.
Track Fees
Processing fees are a business expense. Your provider's reports show exact fees per transaction for accounting purposes.
Separate Accounts
Consider using a dedicated bank account for payment deposits. This makes reconciliation easier and keeps business funds separate.
Accounting Software
Stripe and Square integrate with QuickBooks, Xero, and other accounting tools for automatic transaction import.