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Preparation for launch week:
Do you use Pay on Pickup or Pay Online with Stripe cards?
Using Stripe Cards (Pay on Pickup or Pay Online):If you are using Stripe Issuing Cards for Pay online/pickup.
Set payment schedule to MANUAL on Sunday before your switch on Tuesday night. This will allow funds to be held in your account and eliminate any potential Pay on Pickup and/or Pay Online card issues.
Choose your long-term payout schedule (Manual or Daily only).
Manual - Holds all funds in your available Stripe balance until you choose to deposit at any time.
Daily - Set up your Escrow balances for each day using the data from the past.
Run your Pay on Pickup / Online Usage report for Monday, Tuesday, Wednesday, Thursday, Friday
-, and Sunday. We suggest doing this for
3three random weeks in the past
3three months to get an average usage of Pay on Pickup / Online cards.
*** MAKE SURE FRIDAY HAS BALANCE TO COVER FRIDAY/SATURDAY/SUNDAY!!!DO NOT USE MONTHLY
Be prepared for a change in cash flow. See the yellow box below.
Note |
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On the week of transition (assuming daily payouts), you will receive the business deposit from the past Thursday business deposit on Monday; the Fri - Sun payout will be on Tuesday, Monday on Wednesday, and Tuesday on Thursday. We will UPGRADE upgrade you on Tuesday after close of business. Then you will receive Wednesday's deposit on MONDAYMonday. Then Thursday on TuesTuesday, Fri-Sun on Wed Wednesday, and so on. |
Using the Ledger Report
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