With the change of tool for managing fund transfers, PrestaShop has opted for a more secure and automated solution in partnership with Stripe. This transition offers many key benefits. It is essential for all our partners to undertake this transition quickly to benefit from the advantages offered by this new system, and to be compliant with European legislation.
Benefits
Enhanced security: guarantee of a secure transfer of your funds.
Complete automation: automatic generation and processing of your invoices.
Optimized payments: monthly payment of your commissions.
Registration on Stripe
You must register on Stripe with a bank account in Europe to comply with European legislation.
To register on stripe, you must follow these steps:
1. Log in to your partner account.
2. Access the "Bank" tab
3. Select the "Stripe Funds" tab to access the section dedicated to creating the Stripe account.
4. Click on the "Create my Stripe account" button to start the registration process.
5. Follow the steps to fill in the information required by Stripe.
6. Once the Stripe account is created and verified, you can start enjoying the benefits of this new solution for managing your funds.
Automated invoicing
Invoices will be generated automatically each month, providing simplified payment management. You must update your billing and residence information. You could access your invoices in your partner area.
Managing existing funds
The funds currently available in the "PrestaShop Funds" tab remain accessible and will not be automatically transferred to the Stripe account. You must follow the usual withdrawal procedure to recover your funds.