One of the biggest pain points in resale is payouts. Sellers drop off items, they wait for a sale, then wait even longer to get paid. That delay doesn’t just affect the seller—it slows down store operations and hurts the overall experience.
Now, when a merchant sells an item and taps “Payout” in Ribbn’s admin system, sellers receive a real-time notification that their item has sold—and they can immediately cash out.
All sellers need to provide in the Ribbn app is their date of birth and address. This will automatically create a Stripe account on their behalf. They will then be directed through a secure Tink flow to connect their Bank ID. Once this process is complete, they never have to do it again. Future payouts will happen seamlessly with the click of a button.
For sellers, this builds trust. They see the sale, get paid instantly, and know exactly what’s happening with their items. It puts them in control of their earnings and makes selling through local stores just as easy and transparent as using a marketplace app like Tradera or Vinted.
For merchants, the benefit is equally impactful. The new payout system revolutionizes the way in which merchants do businesses. Let’s run the scenarios:
Before:
Merchants spent countless hours manually processing seller payouts over dozens of steps. For example, an admin at ReRobe said she had to complete the following steps to process a payout:
Manual payout workflows might suffice when handling a few sellers, but they quickly become a major bottleneck as a store scales. Admins are burdened with repetitive tasks: collecting sensitive bank details over email or text, maintaining internal payout lists, checking sales data manually, and initiating each bank transfer one by one.
Not only is this time-consuming, it's also insecure. Handling and storing bank account information manually—often across spreadsheets, emails, or messaging apps—exposes merchants to unnecessary data risks and compliance headaches. It also creates friction for sellers, who may be uncomfortable sharing personal details through informal channels.
The cumulative impact? Slower operations, inconsistent seller experiences, and increased risk of human error or data leakage. This kind of workflow limits how many sellers a store can serve efficiently, making it unsustainable for fast-growing or multi-location resale businesses.
After:
Merchants select sold items in the Ribbn platform and then press the payout button. Two steps—and voilà! A notification automatically goes out to the seller informing them that they can cash out. At the same time, the merchants’ funds are released.
Funds from each sale are first held in Ribbn’s Stripe account. When a merchant initiates a payout, the money is released simultaneously to both the merchant and the seller. All banking data is securely handled between Tink and Stripe—two of Europe’s most trusted financial platforms. Ribbn never stores this information. It’s all instant, encrypted, and user-friendly.
This is a game-changer for resale stores. It brings the best parts of marketplace selling—speed, visibility, and fairness—into the world of brick-and-mortar resale. And it gives both sellers and merchants a smoother, smarter experience they can count on.
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