# Payouts (Owners)

> All Boatsetter payouts are completed via direct deposit powered by Stripe      Setting up direct deposit     You must complete the following steps before you 

Source: https://support.boatsetter.com/en_us/payouts-owners-rJ_QLko2s

Last updated: 2026-02-10T21:00:46.845Z

All Boatsetter payouts are completed via direct deposit, powered by Stripe. 

## **Setting up direct deposit**

You must complete the following steps before you can receive payouts through Boatsetter:

*   Add your bank account information by clicking "[**Payout preferences**](https://www.boatsetter.com/account/bank_accounts)" on your Owner Dashboard. If you do not currently have a bank account to manage your self-employed earnings, we recommend you [check out our partner Found](https://found.com/boatsetter?utm_medium=growth_partnership&utm_source=boatsetter). Found is an all-in-one banking, bookkeeping, and tax solution. Boatsetter owners can earn a $100 bonus when they deposit $1,000 in earnings from Boatsetter into their Found account. Once you've received $1,000 of earnings into Found within 60 days of account creation, you'll receive $100 from us. Offer expires 12/31/25. _Found is a fintech, not a bank. Banking services provided by Lead Bank; Member FDIC._\*
*   Fill out your tax information by clicking "[**Tax forms**](https://www.boatsetter.com/account/user_tax_forms)" on your Owner Dashboard.
*   Send a **clear, color picture of your photo ID to Boatsetter Support via our** [**Contact Form**](https://boatsetter.kustomer.help/contact/contact-us-rybdP8n5i). Validating your identity is required by the IRS to receive payment.

_Note: Stripe does not accept PO Boxes as a valid form of address on the tax form. For your payout account to be fully verified, please provide a residential address._

If you would like to add a secondary bank account for another boat listing, please contact us through our [Contact Form](https://boatsetter.kustomer.help/contact/contact-us-rybdP8n5i) for further assistance.

## **The payout timeline**

Payouts are processed 2-3 business days after the booking concludes and will be deposited directly into the bank account on file. Trips on weekends or holidays may take longer to process. You will be notified via email once your payout has been processed. Your bank may take up to 24 hours to review the payment before crediting your account.

**_Please note that canceled bookings will never payout automatically._** If you are due a payout from a [renter cancellation](https://support.boatsetter.com/en_us/how-to-set-a-cancellation-policy-BypGU1i2s), please contact us through our [Contact Form](https://boatsetter.kustomer.help/contact/contact-us-rybdP8n5i).

## **What should I do if my payout goes to the wrong account?**

Payouts are processed to the bank account on file 2-5 business days after the booking concludes. If there are discrepancies, you’ll need to resolve them directly with the associated account holder and your bank. To prevent future issues, ensure your account details are up-to-date. We cannot reverse funds once they have already been processed to the account on file.

## **Payout processing fees**

All payouts will deduct Stripe’s processing fee from the total amount. Stripe deducts $0.15 for commission payouts. For post-booking fees (like fuel, cleaning, and damages), the current processing fee is 3.0% + $0.15 per transaction. 

\*[Terms Apply](https://staging.found.com/legal/platform-deposit-bonus)  [](https://staging.found.com/legal/platform-deposit-bonus)