pinho | Stripe Developers | Page 1

languid pantherBOT Oct 6, 2022, 1:59 PM

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lone pond Oct 6, 2022, 2:00 PM

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hi! are you talking about the https://stripe.com/docs/payments/bank-transfers product specifically?

kindred lion Oct 6, 2022, 2:01 PM

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Exactly.

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I was looking into https://stripe.com/en-pt/pricing/local-payment-methods this page, and saw "SEPA Bank Transfers" and I was wondering how that works, since it usually has a delay of 2/3 days until the transfer is done.

Stripe: Local payment methods pricing

Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for businesses of all sizes.

lone pond Oct 6, 2022, 2:03 PM

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the way it works is the customer is shown some IBAN details that map to your account, they visit their bank/online banking to send funds to that, when the funds arrive we reconcile them to your account and send you a webhook notification : https://stripe.com/docs/payments/bank-transfers/accept-a-payment?platform=web&invoices=without#element-confirm-success

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I don't really know how long specifically it takes, it's just a SEPA bank transfer from the customer's bank to ours, I would imagine that takes a couple of days to settle like usual

kindred lion Oct 6, 2022, 2:04 PM

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Ah ok, so it means the funds may take a while to reach the account.

#pinho