This page outlines how to transfer funds to your bank account after Members have purchased items on your Space.
Navigate to the Payments Dashboard
If funds are ready to transfer, this will show an Available Balance. In order to withdraw money, you must first create an Account.
Create Account
Click on the Accounts Tab to ensure that you have created an Account to allow you to transfer money from your Space into your bank account.
Accounts are one of two types:
- Personal
- Business
All Bank Accounts require the following:
- Account Number
- Routing Number
Personal accounts are owned by individuals. These require the following:
- First and Last Name
- Birthday
- Address
- Picture of Identification Card
- Social Security Number (SSN)
Business Accounts are owned by a company. These require the following:
- Business Name
- Employee Identification Number (EIN)
Additionally, you must provide information on an individual who is a signatory of the account.
- First and Last Name
- Birthday
- Address
- Picture of Identification Card
- Social Security Number (SSN)
The following forms of identification are acceptable:
- Passport
- Passport Card
- Driver's License
- State ID Card
- Resident Permit ID
- Green Card
- Child ID Card
- NYC Card
- U.S. Visa Card
Please note that all sensitive information undergoes multiple layers of encryption to ensure that it does not fall into the wrong hands. (See Security and Compliance).
Initiate Transfer
Once you have created an Account, return to the Overview Tab of the Payments Dashboard and click on Withdraw. After the transfer is confirmed, it can take up to five business days for the transfer to be processed.