By using 6crickets, parents’ payments are received in real time to your Stripe account, and Stripe will make the payouts to your bank account based on a default schedule (https://stripe.com/docs/payouts). You can configure the payout schedule to your liking, automatically or manually at https://dashboard.stripe.com/account/payouts.
If a refund is made after Stripe makes a payout into your bank account and there is not enough money left in your Stripe account, Stripe will withdraw the needed amount from your bank account. To prevent such bank withdrawals from refunds, some organizations configure the payout to be manually done and keep some funds in the Stripe account for refund purposes.
When you are doing financial or cash flow analysis of your registrations, we recommend doing it over a period of time and at a time when there are no constant cash flows (namely, purchases and refunds). You can use 6crickets transaction report at your district profile to sum up all the payments and refunds and cross-check that with your bank statement.
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