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.
To add your payout details through Stripe, please follow these steps:
Log in to the Spocket for Suppliers app
Select Store Settings in the bottom left corner.
Under Getting Paid, add in your banking details.
Select "Individual" if you are a sole proprietor, or select "Company" if you are an incorporated business.
Then, click Account Information before entering your bank account details.
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.
Signing up for PayPal is easy and 100% free. Here are the steps:
Access your Spocket Supplier account
Navigate to the Settings > Getting Paid page
Go to the PayPal section and click the "Connect My PayPal Account" button
You will be redirected to PayPal's secure page to fill out the necessary details
Once done, you should see the confirmation message “You’re all set up!” with a green check mark.