What payment processor does Whop use?
Updated
The short answer
Whop acts as its own payment platform so you do not need a separate merchant account. Buyers can pay using credit cards, PayPal, Apple Pay, Google Pay, and some crypto. Whop charges sellers payment processing fees on most sales. Money collects in your balance until you withdraw to your bank account.
Payment methods Whop accepts
When someone buys from you on Whop, they have several ways to pay. Whop accepts credit cards, debit cards, PayPal, Apple Pay, and Google Pay. Buyers can also pay with some cryptocurrencies.
Whop handles all of these options for you on the checkout screen. You do not need to set up any payment accounts on your own.
How money moves from buyer to seller
When a customer buys your product, the money goes to Whop first. Whop takes its fee and puts the rest into your seller balance.
You can transfer this balance to your bank account. Whop has a minimum balance rule, so you must reach that amount before you can withdraw. Check Whop's help center for the current number.
Fees and chargebacks
Whop charges a fee on each sale. For most products, this fee is payment processing fees. Fees can differ for apps and some categories. Check Whop's help center for the current number.
A chargeback happens when a buyer tells their bank to cancel the payment. The payment network looks at the dispute. If you lose, the refund and dispute fee come out of your balance.
Selling digital files with a store app
If you want to sell files easily, you can install MKKT from the Whop App Store. You upload your file and set a price or make it free. MKKT gives you a store link so buyers can get your file without making a Whop account.