What is Stripe Connect?

Stripe Connect is a comprehensive payment solution designed for platforms and marketplaces like ours. It enables us to manage payments efficiently, ensuring that transactions between buyers and sellers are processed smoothly and securely.

How does Stripe work?

When you sell an item on Little Swaps, your earnings will be paid out after the item is delivered. We use Stripe Connect to securely process payments and ensure that you receive your funds directly into your bank account.

Once the item is delivered and confirmed by the carrier (USPS, UPS, or FedEx), you’ll see your earnings reflected in your account.

To receive payments as a seller, you need to onboard to Stripe Connect in our platform. This is only necessary after you have made a sale. Stripe Connect is the trusted payment platform that allows us to securely transfer funds to your bank account.

How to Onboard with Stripe on Little Swaps

1. Go to the Earnings Screen

• Open the Little Swaps app and navigate to the Earnings section.

• This is where you can track your sales and payments.

2. Click on “Onboard with Stripe”

• You will see an option to Onboard with Stripe—tap this button to start the process.

• This will redirect you to Stripe’s secure onboarding page.

3. Complete Stripe’s Onboarding Process

• Stripe will ask for some personal and business details to verify your account, including:

  • Full name

  • Email address

  • Phone number

  • Bank account or debit card details for payouts

  • Social Security Number (SSN) or EIN (if applicable) for identity verification

  • Date of birth (for identity verification)

  • A valid government-issued ID may be required in some cases

4. Review and Submit

• After entering your details, review the information carefully and submit the form.

5. Return to Little Swaps

• Once Stripe verifies your information (which usually happens instantly or within a few minutes), you’ll be redirected back to the Little Swaps app.

6. Start Receiving Payments

• After onboarding is complete, you can receive earnings directly into your linked bank account according to Stripe’s payout schedule.

Why Do We Use Stripe Connect?

• Secure Transactions: Stripe Connect offers robust security features, protecting both buyers and sellers during transactions.

• Efficient Payment Processing: With Stripe Connect, we can handle payments and payouts seamlessly, ensuring sellers receive their funds promptly.

• Compliance and Verification: Stripe Connect assists with necessary compliance requirements, such as verifying identities, which helps maintain the integrity and trustworthiness of our marketplace.

By leveraging Stripe Connect, Little Swaps ensures a reliable and user-friendly payment experience, allowing you to focus on finding the best for your little ones without worrying about payment complexities.