TL;DR
LGBTalent uses Stripe Connect Express. You connect a bank account once, Stripe handles 1099s, and payouts land via ACH on a 2-day schedule.
Connecting your bank
- Go to Profile → Account → Payment Setup.
- Click Connect Stripe Account. You'll be redirected to Stripe.
- Stripe asks for the legal info it needs for KYC and tax forms.
- Add your bank account (routing + account number, or Plaid).
- You'll bounce back to LGBTalent. If the card says "Stripe account connected and enabled" you're done.
Until that card reads "enabled," organizers can't pay deposits to you.
When money moves
- Deposit charges as soon as both you and the organizer sign the contract (and the rider, if attached, is approved). The deposit is usually 50% of the booking fee — the organizer's share goes to Stripe, your share lands in your Stripe connected balance immediately.
- Remainder charges ~5 business days before the event.
- Stripe auto-pays out from your connected balance to your bank daily, with a 2-day delay by default. You can change the cadence inside the Stripe dashboard (
Manage in Stripebutton).
Taxes
Stripe issues your 1099-K (US) or local equivalent. You don't need to chase LGBTalent for tax docs — they live inside your Stripe Express dashboard.
If a payout fails
Most common cause: bank account closed or the routing/account number changed. Stripe emails you immediately when a payout returns. Re-add the bank in Stripe Express and the next deposit will retry automatically.
Fees
- LGBTalent charges a platform fee on the deposit (default 5% — discount tiers reduce this for specific organizers).
- Stripe's standard ACH processing fee applies. Stripe shows it on every payout in their dashboard.
- You receive 100% of your accepted fee minus those fees.