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How do I set up my payout information?
How do I set up my payout information?

Spocket for Suppliers: Learn how to set up your banking information so you can get paid for your orders

Grace Albano avatar
Written by Grace Albano
Updated over a week ago

In order to make order processing seamless, Spocket offers multiple options to pay for orders to our dropshippers i.e. your customers. To enable this, we use two payment providers i.e. Stripe and PayPal.

Stripe

To add your payout details through Stripe, please follow these steps:

  1. Select Store Settings in the bottom left corner.

  2. Under Getting Paid, add in your banking details.

  3. Select "Individual" if you are a sole proprietor, or select "Company" if you are an incorporated business.

  4. Then, click Account Information before entering your bank account details.

  5. Once your account has been verified by Stripe and all the fields are complete, click Save.

Although suppliers are not required to register their PayPal information, we strongly advise that you complete your settings for both PayPal and Stripe to maximize your sales opportunities. If you choose to set up your payouts on both Stripe and Paypal, your retailers will be able to pay for their orders with you using all of the available payment methods on Spocket. This will ensure that you get the maximum number of potential sales on Spocket.

PayPal

Signing up for PayPal is easy and 100% free. Here are the steps:

  1. Navigate to the Settings > Getting Paid page

  2. Go to the PayPal section and click the "Connect My PayPal Account" button

  3. You will be redirected to PayPal's secure page to fill out the necessary details

  4. Once done, you should see the confirmation message “You’re all set up!” with a green check mark.

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