For job seekers, milestone payments are transferred to your Stripe Connect account when the hiring manager approves a milestone deliverable.
Stripe will make deposits or payouts from the available balance in your Stripe Connect account to the bank account linked to your account. The first payout will be made 7 days after the first milestone payment is transferred from the hiring manager.
By default, subsequent payouts are processed on a daily basis and contain payments processed seven days prior, i.e. payments received on a Tuesday are paid out on the following Tuesday.
This account is necessary to seamlessly integrate the Legably platform with the Stripe Connect payment service. Your Stripe Connect account will be used whether you are the hiring manager or the candidate. You will be directed to the Stripe Connect site to create your account and re-directed back to the Legably site when your account is successfully created.
All Stripe Connect fees associated with the job will be paid by Legably. We do not accept credit cards for payment at this time but if we do so in the future, all credit card fees are the responsibility of the user and cannot be paid by Legably.
If you have any additional questions about Legably’s relationship with Stripe or experience problems either transferring funds or setting up your payout preferences please contact the Legably support team at firstname.lastname@example.org.