No Slate users have access to this information. Note: This information is recorded at Stripe (on a Stripe page), not inside Slate. The organization representative will not be contacted. The identity information is only used during the initial verification. There are no responsibilities and there is no liability involved. Providing personal information about an institution representative is purely so that the back-end payment processor can comply with regulations of the Office of Foreign Asset Control and "Know your customer" laws that prevent money laundering and other misuse.
When setting up a Slate Payments account, the Slate administrator (or another designated representative) will need to enter personal information for an Organization Representative or Executive. Application Fees, Event fees and/or deposits via the built-in Excel report from the payment history page (or via a custom payments-based query). If a given payment account is configured to use the deposit account in question, all relevant transactions will be included in the payout. Stripe processes credit card payments separately from checking account payments, and so there will be separate transfers bundling the funds that came in from credit cards and the funds that came in from checking account/ACH payments.Ī given transfer (or payout) will contain all the relevant transactions regardless of how you categorize/separate "payment accounts" (such as payment_account prompt values) inside Slate. On any given day that a transfer to your account is scheduled, you may receive either one or two transfers (assuming that the relevant funds source sub-balance is positive). For accounts based in other countries the delay before a transaction is available for transfer will vary in most countries other than the US, each transfer will include transactions from 7 days prior. on Thursday morning you'll receive a transfer of all funds received/cleared as of 5 PM Tuesday).
For US accounts, each transfer to your account will include all transactions that "cleared" prior to 21:00 UTC (typically 5 PM Eastern), two days before the transaction (e.g. The very first transfer/payout to your external bank account may take up to 7 days to post. When you set up Slate Payments deposit accounts (the holding accounts on the Slate Payments platform), you'll specify an external bank account for each holding account to which the collected funds should be sent, and you can specify the schedule for transfers into those accounts (every day, once per week on a specified day, once per month on a specified day).