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A payout account is the external account Polar uses to send you your earnings. As the Merchant of Record, Polar collects the money from your customers, then transfers your balance — minus our fees — to your payout account. From there, the funds are deposited into your bank account. Polar uses Stripe Connect Express for payout accounts. You need to connect a payout account before Polar can accept money on your behalf. We don’t want to collect funds from your customers that we wouldn’t be able to pay out to you, so a working payout account is a prerequisite to going live.

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Connecting a Payout Account

  1. Open the Finance → Account page in your Polar dashboard.
  2. Click Continue with account setup.
  3. Select your country:
    • If this is a personal account, pick your country of residence.
    • If this is a business or organization, pick the country of tax residency.
  4. You will be redirected to Stripe to complete onboarding. Stripe will ask for your identity details, business information (if applicable), and the bank account you want to be paid out to.
  5. Once Stripe confirms your account, you’re ready to receive payouts.
The user who completes onboarding becomes the owner of the payout account. They own the underlying Stripe account and are the legal recipient of the funds.

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Reusing a Payout Account Across Organizations

A single payout account can be linked to multiple organizations. If you run several organizations on Polar and want all of their earnings to settle into the same bank account, you don’t need to repeat Stripe onboarding for each one. From the Finance → Account page of a new organization, you can either:
  • Connect a brand-new payout account, or
  • Select an existing payout account from one of your other organizations.
Only one payout account is active per organization at a time, but you can switch the active account from the Manage payout accounts modal. The active account is the one that will receive the next payout from that organization.

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Managing Your Account

From Finance → Account → Manage payout accounts you can:
  • Open in Stripe — jump into the Stripe-hosted dashboard to update your bank account and business details.
  • Make Active — switch the organization to a different payout account you already own.
  • Add Payout Account — start onboarding for a new payout account (for example, in a different country).
  • Delete — remove a payout account you no longer use. You can only delete an account that is not linked to any organization, has no pending payouts, and has a zero Stripe balance.

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Country & Currency Requirements

Stripe Connect requires the bank account you connect to be in the same country as the business and to use that country’s local currency. This is a Stripe (and underlying banking network) requirement that Polar cannot override.
No. Stripe Connect requires a bank account in the same country as the business, in the local currency. An Irish company must connect an Irish (EUR) bank account; a US company must connect a US (USD) bank account, and so on.
Only if the virtual account provides a real bank account in the same country as your registered business, in the local currency, and is accepted by Stripe. Most multi-currency or “borderless” accounts (Wise, Payoneer, Revolut, etc.) do not satisfy Stripe’s verification for Connect payouts. If Stripe rejects the account during onboarding, you’ll need to use a domestic bank account instead.
Pick the country where the business is legally registered for tax purposes. For a personal account, pick your country of residence.
Polar supports the countries listed in our supported countries for payouts. If yours isn’t listed during onboarding, we can’t currently issue payouts there.