How to receive direct deposits/automatic payouts (Canadian Groups)
In order to receive automatic payments from OpenSports, you will need to connect your bank account to Stripe
Stripe Connect allows Canadian residents/groups/nonprofits/business owners to link their bank account within seconds! You can do this from your OpenSports group from the Website or App.
Connect your bank account through the OpenSports Website:
From your Group page > go to the Payment tab > use the Country Selector to select your country > Click “Link to Bank Account” > Follow the prompts in the following forms!
Stripe Connect flow (Web):
Connect your bank account through the OpenSports App:
From your group page, tap on the three dots at the top right corner > Tap on “Payment” > Use the Country Selector to select your country > Click “Link to Bank Account” > Fill out all of the fields in the form!
Stripe Connect flow (App):
- Learn how to find your institution number, transit number, and account number read here.
- If you are an individual, not for profit, or company and need help knowing what information to enter into the Stripe connect form, read our quick guide here.
View your account balance and your next payout:
How often will you get paid?
To receive funds for payments you’ve processed, Stripe makes deposits (payouts) of your available account balance into your bank account.
Once you start processing with Stripe, your first payout is made 7–10 days after your first successful payment is received. Subsequent payouts are then processed according to your account’s payout schedule.
Payout schedule for groups in Canada:
Payouts contain payments processed seven calendar days prior. For example, payments received on a Tuesday are paid out by the following Tuesday.
IMPORTANT: If players sign up and pay for your event over multiple days, you will receive the payout seven days after EACH day that tickets were purchased. For example, if you have a game on Saturday, and players purchase tickets for it on Thurs ($30 of tickets purchased), Fri ($40 of tickets purchased), and Sat ($20 of tickets purchased), that means on the next Thursday, you will receive your $30, on the next Friday you will receive your $40 and on the next Saturday, you will receive your $20.