All payouts are executed through the Peerspace platform and are processed by our third-party payment provider, Stripe.
Payouts are automatically transferred within 3-5 business days after the event ends, but hosts should allow up to 7 days for processing.
To add a bank account for direct deposit on Peerspace, follow these steps:
Log in to your Peerspace account via a web browser to access full functionality.
Go to the Payments tab in your account settings.
Select the 'Payment Methods' option and click Add Bank Account.
Input your routing number and account number, then click Update Account to save. If you only see the option to add a credit card, ensure you are using the website, as app functionality may be limited.
Host payouts will be deposited into the bank account they have on file with us via ACH transfer (direct deposit) and are processed within 7 days after the end of the reservation. Payouts for additional charges and overtime submitted within 72 hours after the event’s conclusion are typically deposited into your account separately from your booking payout.
You can view your payouts from the Payout History section of your account by clicking here.
If you encounter delays in receiving a payout, verify your bank details in the Payments tab for accuracy or check that your event has concluded, as payouts occur only afterward.
Please note: Hosts may be required to submit additional verification details when adding their bank account for payout processing. Review our Terms of Service for more information on receiving payouts.
Ensure that required information, such as your physical address and verified ID, is up-to-date. Stripe may also request a government-issued ID and a real-time selfie for verification. Once provided, any pending payouts will be automatically reprocessed.