Stripe is our integrated payment processor and is required in order to accept payments through your Handbid site.
Stripe is Handbid's integrated payment processor. By default, all transactions will be processed using Handbid's Stripe account and a check or ACH payment will be sent to you once your auction is complete and you have finished collecting all of your funds. Learn more on the Handbid Payment System and Receiving Funds.
If you would rather have funds transferred directly to you when a payment is processed, you can create your own Stripe account and connect it to your organization in Handbid. Setting up your own Stripe account is free and it comes with a 3.5% transaction fee per transaction.
NOTE: IF YOU DO NOT SET UP YOUR OWN STRIPE ACCOUNT AND HANDBID COLLECTS FUNDS FOR YOU - IT WILL TAKE A MINIMUM OF 2-3 WEEKS TO RECEIVE YOUR CHECK FROM THE TIME YOU NOTIFY US TO RECONCILE.
How to Connect Your Handbid Account to Stripe:
From your Handbid Dashboard, select the Edit Organization Icon next to your organization name.
Select the FINANCIAL Tab and select the Connect with Stripe button.
This will redirect you to the Stripe Login page. Here you can log in to your existing Stripe account by selecting the Sign in link or create a new account.
Once you have logged in or signed up for a Stripe account you will be directed back to Handbid. Once you're re-directed you will now see your Stripe account information on the payment tab for your organization.