Clyde makes managing the movement of money between your business and Clyde seamless.
We handle automatic invoicing and refund management. All you need to do is connect a bank account.
A contract is broken up into two pieces — the premium and your margin.
Clyde bills you for your contracts sold each month and leaves 100% of your margin in your bank account.
Note: You cannot launch or record contract sales without a connected bank account.
On the date that you are billed, you will receive the following information via email:
- A CSV with the list of your contracts sold
- The period for which you are being billed
- The number of contracts sold
- Your margin collected
- Your premiums collected, for which Clyde is charging your account
We send invoices to the email address associated with your Clyde account. Please ensure this is a direct email, and not a catch-all/general email address.
Clyde uses Stripe to process payments.
You can rest assured that we don’t save any of your information in our system and all payments are 100% secure.
You can connect your bank account instantly or through micro-deposits.
You can also connect multiple bank accounts and set a default within Clyde’s Settings page. The Settings icon is located in the bottom left corner of the page.
To expedite the onboarding process, we suggest you connect a bank account during onboarding, which offers instant verification powered by Plaid.
If you skip this step during onboarding you can connect a bank account in Clyde’s settings, accessible via the gear in the left hand corner of your dashboard.
If using instant verification:
- Go to the Settings page
- In the Billing section, click "Add account"
- Click “Connect with Plaid”
- Click "Continue"
- Select your bank
- Enter your bank's login credentials
- Click "Submit"
If using micro-deposits:
- Go to the Settings page
- In the Billing section, click "Add account"
- Enter account information
- Click "Connect account"
- Please allow up to 2 business days to confirm deposit amounts
- After 2 business days, go to the Settings page
- Enter micro-deposit amounts you received. They will be under $1.00, so enter them as a whole number, i.e., enter 75 for a deposit of $0.75, no periods and no commas.
- Click "Verify"
If you need any assistance further please contact support@joinclyde.com.