It takes for Swimply hosts to get paid after each booking has been completed.
Understanding Swimply's Payment Process
Swimply streamlines the payment process to ensure hosts receive their earnings efficiently. Guests are charged upfront through Swimply's secure payment system powered by Stripe, a leading online payment processor. This upfront payment secures the booking, providing peace of mind for both guests and hosts.
Once a booking is completed, Swimply initiates the payout to the host. Your earnings, minus Swimply's service fee, are then directly deposited into your account via Stripe. This system is designed for quick and reliable transfers, ensuring you receive your money on a per-booking basis rather than waiting for weekly or monthly cycles.
Key Aspects of Getting Paid from Swimply
- Upfront Guest Payments: Guests pay for their bookings in advance, ensuring payment is secured before the booking even begins.
- Booking-Specific Payouts: Payouts are processed after each individual booking is completed. This means you don't have to wait for multiple bookings to accumulate before receiving funds; each completed booking triggers its own payout.
- Direct Deposit via Stripe: Earnings are directly deposited into your bank account through Stripe, a secure and widely used payment gateway known for its reliability and speed.
- Service Fee Deduction: Swimply's service fee is automatically deducted from your earnings before the deposit is made, simplifying your accounting.
This payment structure provides hosts with a consistent and predictable income stream, with payouts closely tied to the frequency of their bookings.
Summary of Swimply Payment Flow
| Stage | Description | Who is Involved |
|---|---|---|
| 1. Guest Payment | Guests are charged upfront for their booking. | Guest, Swimply |
| 2. Booking Usage | The guest utilizes the pool space for the booked duration. | Guest, Host |
| 3. Payout Trigger | After the booking is completed, the payout process for the host is initiated. | Swimply |
| 4. Direct Deposit | Earnings (minus service fee) are directly deposited to the host via Stripe. | Swimply, Stripe |
This transparent and efficient system ensures that as soon as your booking is complete, the process to get your earnings to you begins promptly.
