Setting up Payouts

💼 Overview

Here's what you need to know about receiving payouts on Livily:

• Virtual credit card payouts are the default payout method for all hosts.
• No setup is required to receive virtual credit card payouts.
• Hosts who cannot accept virtual credit cards may apply for ACH bank deposits through Stripe Connect.
• ACH payouts are subject to Stripe verification and approval.
• Each Livily account can be connected to one Stripe Connect account.
• Only one bank account can be designated for ACH payouts.
• Splitting payouts across multiple bank accounts or by listing is not currently supported.

💳 Default Payout Method: Virtual Credit Card

All Livily hosts receive payouts via virtual credit card unless approved for ACH payouts.

• No onboarding or banking setup required.
• Fast access to booking revenue.
• Secure payment delivery.
• Compatible with most property management systems and merchant processors.
• Virtual credit cards are issued at booking confirmation and become chargeable on guest check-in.
• Payouts are issued on check-in.
• Hosts can process the virtual card using their existing merchant services just like any other credit card payment.

🏦 ACH Bank Payouts Through Stripe

If your company cannot accept virtual credit card payments, you may request ACH bank payouts through Stripe Connect. ACH payouts allow Livily to transfer funds directly to your designated bank account after successful verification.

• Log in to your Livily Host Dashboard.
• Navigate to Wallet.
• Select Apply for ACH Payouts.
• Click Connect with Stripe.
• Complete the Stripe onboarding process, including business or personal information, tax identification number (EIN or SSN), and bank account information.
• Submit your application.

Once approved, Stripe will securely connect your bank account to Livily for future ACH payouts. If you already have a Stripe account, you may use your existing Stripe credentials.

💳 Managing Your ACH Payout Account

To update your approved ACH payout account:

• Go to Wallet → Payout Settings.
• Select Bank Account Settings.
• Add or update your bank account information.
• Save your changes.
• Only one bank account may be designated for ACH payouts at a time.

⏳ Verification Timeline

Stripe may require account verification before ACH payouts can begin.

• Most applications are reviewed within 1–2 business days.
• During review, your ACH payout status will display as Pending.
• Virtual credit card payouts will continue unless ACH approval is granted.
• If additional documentation is required, Stripe will contact you directly via email.

🔒 Security & Compliance

Your financial information is protected through Stripe's secure infrastructure.

• Industry-standard encryption.
• PCI-compliant payment processing.
• Banking information is not stored on Livily servers.
• Continuous fraud monitoring and security controls.