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  1. WALKTHROUGH
  2. Settings

Billing

Manage your payout settings here

PreviousTeamNextCheckout

Last updated 2 years ago

Stripe Payouts

Change your card payout schedule to your liking with the Stripe Payouts section. Choose between automatic payouts, or date-specific payouts if you want to be paid on a certain day of the month. Stripe can have up to a 7 day processing time for payouts, so keep that in mind when making your selection. To view upcoming payments and enter your Stripe Connect dashboard, select the Open Stripe button on the right hand side of the section. Note: This section is for Stripe Connect users only. Businesses that registered with their own Stripe API keys will have payments go directly into their account (?)

Statement Descriptor Enter the name of your business in the Statement Descriptor section. Statement descriptors are listed on on bank statements to help customers understand where their transactions came from. Automatic Tax collection Automatically receive information for sales and VAT taxes on each payment by turning on the Automatic Tax Collection switch.

Crypto Payouts

For this example, we will assume gas is $5 on the payment. We will also assume each payment is $100.

  • Your first crypto renewal payment, Whop will cover the gas price ($5). Your gas tank balance will now be negative -$5.

  • Your next payment regardless of the size will go to your personal Whop gas address. For this example, we are calling it $100.

  • Your Gas Tank balance will now be $95 ($100-$5). Your next payments will all be cycled to your wETH address until your gas tank has run out again.

You will not have direct access to your Whop Gas Tank wallet, but you can request to have your Gas Tank funds withdrawn at any time if you decide to leave the platform or stop using wETH payments.

Launch an to receive crypto WERTH renewal and one time ETH payments. These payments will automatically be sent to your payment gateway after the transaction. One-time Crypto payments using Coinbase Commerce are automatically converted to fiat currency, so those transactions will not be sent here. Click Connect Wallet to then be able to initiate a withdrawal. Gas Tank A small portion of your Crypto renewal payments will go towards a balance that is used to cover all user transaction gas fees. To handle this, we've created something called the Gas Tank. Here is how it will work:

Ethereum Payment Gateway