How Stripe Connect Works and How You Receive Payments

Introduction

As a host on The Kalor Company platform, understanding how payments are processed is essential for a smooth and secure event management experience. This guide explains how Stripe Connect is integrated with Kalor to handle your transactions and how you can receive your payouts efficiently.

How Stripe Connect Works with Kalor

Stripe Connect is the payment processing system used by Kalor to manage ticket sales and payouts securely and automatically. When you set up your event, you connect your own Stripe account to Kalor. This connection enables Stripe to handle all guest payment transactions on your behalf.

Here’s how the process flows:

• Guests purchase tickets through Kalor; Stripe processes these payments instantly.
• Kalor automatically applies its 8% commission at checkout, paid by guests, ensuring that you receive 100% of your ticket price.
• Stripe aggregates collected payments and manages secure fund transfers.
• After your event concludes, Stripe disburses the payout directly into your connected Stripe account.

Setting Up Your Stripe Account

To get started with payments, you need to connect your Stripe account during your Kalor host setup. Follow these steps:

• Navigate to your Kalor host dashboard settings.
• Select the option to link or create your Stripe account.
• Complete Stripe’s onboarding flow, providing necessary business and banking information.
• Once connected, Stripe will securely manage your ticket payments and payouts.

Payout Timing and Security

After your event ends, Stripe processes your payout to the bank account linked to your Stripe profile. Payout timing may vary depending on your bank and region, but typically occurs within a few business days following event completion.

Stripe ensures all transactions are secure and compliant with industry standards, giving you peace of mind that your earnings are handled safely.

Where to Find Payment Details and Support

You can monitor your transactions and payouts directly through your Stripe dashboard linked to your Kalor account.

For any questions regarding payments, Stripe account setup, or payout issues, please refer to the Stripe support resources or contact Kalor support for assistance.

Summary

By connecting your Stripe account to Kalor, you benefit from streamlined, automatic payment handling and secure payouts directly to your bank account. This setup allows you to focus on creating exclusive and engaging events while we manage the backend financial processes for you.