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Connecting Your Stripe Account

Ryan Lysa avatar
Written by Ryan Lysa
Updated today

Connecting Your Stripe Account

Stripe Connect enables secure payment processing for your restaurant.

Setup Process

1. Initiate Connection

  1. Navigate to Billing in your restaurant dashboard

  2. Click "Connect Stripe" button

  3. You'll be redirected to Stripe

2. Stripe Onboarding

Choose one option:

Create New Account

  • Fill out business information

  • Provide tax ID (EIN or SSN)

  • Add bank account for payouts

  • Verify identity

Use Existing Account

  • Sign in to existing Stripe account

  • Grant Preppable access

  • Verification may still be required

3. Verification Requirements

Stripe requires:

  • Business legal name

  • Business address

  • Tax identification number

  • Bank account information

  • Personal identification

  • Business documents (sometimes)

4. Complete Connection

After approval:

  • Return to Preppable dashboard

  • See "Connected" status with account details

  • Platform fee tier automatically applied

Verification Timeline

  • Instant: Basic verification

  • 2-3 days: Document review (if requested)

  • 5-7 days: Full account activation

Payout Schedule

  • Standard: 2-7 business days after charge

  • Instant: Available for eligible accounts (fees apply)

  • Weekly: Batched payouts every Friday

Troubleshooting

Connection Failed

  • Verify all required fields completed

  • Check that business information matches legal documents

  • Contact Stripe support for account issues

Verification Pending

  • Upload requested documents via Stripe dashboard

  • Respond to Stripe emails promptly

  • Verification typically completes in 2-3 days

Payouts Not Arriving

  • Confirm bank account details correct

  • Check Stripe dashboard for hold reasons

  • Verify identity documents uploaded

Security & Compliance

  • Preppable never stores your full bank details

  • All payment data encrypted end-to-end

  • PCI DSS Level 1 compliant via Stripe

  • Your Stripe account remains under your control

Platform Fees

Platform fees are automatically deducted from payouts based on your tier:

  • Starter: 4.5%

  • Growth: 2.9%

  • Scale: 1.9%

  • Pro: 0.9%

  • Enterprise: 0% (custom pricing)

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