Stripe has a delay of 7 business days on your first payout in many European countries and Canada. After that, you'll automatically move to the default speed of your market. This is generally 3 business days.
In some cases, risk criteria might prevent your account from changing to the default payout speed. In these cases, more transactions and time might give you access to default market speed.
You can always check your country’s default payout speed on Stripe’s docs page or in your Dashboard under Payment Settings.
The default payout speed will apply to all new payments after your first payout.
Any new payouts created during the switchover time may be momentarily paused until your next payout date. This is because Stripe tracks and separates funds acquired on your standard T+7 timing vs. those acquired on your new T+3 timing. Once your active T+7 funds have settled, this will no longer be an issue.
No, this is a change to the duration between transaction happening and funds becoming available for payout to your Stripe account. This is not a change to the cadence in which you receive your payouts, for example the manual or automatic (daily, weekly, monthly) payout time that Stripe creates from your available balance.
If you are a Stripe Standard Connect Platform, your connected accounts will be eligible on an individual basis and they will receive confirmation of their eligibility from Stripe directly.
For more questions and information on Payouts, see the Payout Settings section of your dashboard or read through our docs.