Payments · Scale plan
Commissions approved → partners paid. Automatically.
Automate partner payouts through Stripe Connect. When commissions are approved in Covant, payments are initiated automatically — no spreadsheets, no manual bank transfers, no month-end scramble.
2-3 days
Payout speed
135+
Currencies
Self-serve
Partner onboarding
Scale+
Required plan
KEY FEATURES
Partners complete Stripe's identity verification and banking setup through a branded onboarding link. KYC, tax info, and bank details — handled by Stripe, not you.
When a commission is approved in Covant, a Stripe transfer is initiated automatically. Partners receive funds in 2-3 business days. No manual processing.
Real-time payout status in the Covant dashboard: initiated, in_transit, paid, failed. Partners see their payout history in the portal.
Pay partners in their local currency. Stripe handles conversion for 135+ currencies. Covant tracks the USD equivalent for reporting.
Stripe automatically generates 1099 forms for US-based partners and equivalent tax documentation internationally. Tax season is handled.
Set payout frequency: immediate on approval, weekly batch, or monthly batch. Align with your finance team's existing payout cadence.
HOW DATA FLOWS
SETUP IN 4 STEPS
Link your Stripe account in Settings → Integrations. Covant uses Stripe Connect for partner payouts — no custom payment infrastructure.
Partners receive a Stripe onboarding link via the portal. They complete identity verification and add bank details through Stripe's hosted flow.
Configure payout frequency (immediate, weekly, monthly), minimum payout threshold, and currency preferences.
When you approve a commission in Covant, the payout is initiated automatically. Track status in real time from both the dashboard and portal.
USE CASES
VP OF PARTNERSHIPS
Elena manages 140 partners across 3 tiers. Month-end used to mean a week of spreadsheet exports, manual bank transfers, and "where's my commission?" emails. Now commissions flow from approval to bank account automatically.
FINANCE
The CFO needs audit-ready payout records. Every Stripe transfer is linked to the original deal, attribution calculation, and commission rule. Tax forms are generated automatically.
PARTNER
Partners see their commission earned, pending, and paid in the portal. When a payout hits their bank, they see the exact deal it came from. No more opaque lump-sum payments.
FAQ
Partners create a Stripe Connect account through a simple onboarding flow. If they already have Stripe, they can link their existing account.
Stripe charges their standard Connect transfer fees (0.25% + $0.25 per payout for US, varies internationally). Covant does not add additional payout fees.
Yes. Stripe is optional. You can continue to process payouts manually and mark them as paid in Covant. Stripe just automates the process.
Stripe Connect supports payouts in 40+ countries with local currency. Partners outside Stripe's coverage can be paid manually through Covant's standard payout workflow.
OTHER INTEGRATIONS