Configure your payment method through your supplier dashboard settings.
Bank transfer setup:
Required information:
Bank name and full address
Bank sort code
Account number
Account holder name (must match company registration)
SWIFT/BIC code (for international payments)
IBAN (for international payments)
Setup process:
Navigate to Settings → Payment Information
Select "Bank Transfer"
Enter bank details
Verify information
Save changes
Stripe Connect setup:
Benefits of Stripe:
Faster payment processing
Automatic reconciliation
Lower fees for international transactions
Dashboard integration
Detailed transaction analytics
Setup process:
Navigate to Settings → Payment Information
Select "Stripe Connect"
Click "Connect Stripe Account"
Complete Stripe verification
Confirm connection
Requirements:
Stripe account (create one if needed)
Business verification documents
Bank account linked to Stripe
Updating payment information:
Change payment methods anytime through dashboard settings. Changes take effect for next payment cycle.
For international suppliers:
Currency: Payments are made in British pounds (GBP). Your bank or Stripe handles currency conversion.
SWIFT fees: International bank transfers may incur SWIFT fees from intermediary banks. Stripe Connect typically has lower international fees.