28 March, 2018
Stripe Offers Deposit to Seller's Debit Card Feature
Stripe has been a choice for many social market place apps. They use Stripe to allow money transaction from buyer to the sellers’ bank accounts. But it’s been not always easy as no one keeps their passbook in their pockets and they commonly end up in mistakes. Stripe has now introduced send funds to a seller’s debit card.
Almost everyone has a debit card in their wallet and setting up payout using debit card keeps the process a simpler and less error-prone one. To receive money to a bank account identified by a debit card, user needs to provide the card number, cvv and expiry date in the settings. And all is set.
Just like sending funds to bank accounts, a transfer to a debit card costs 25¢. The funds will currently arrive in the card’s bank account in 1-2 business days, but stripe promises to bring this down.
Platforms in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom, and the United States can create Custom accounts to get this feature.