[Introducing Thera Rewards: Earn Points On Payroll](/content/blog/thera-rewards/index.html)

**Key takeaways:**

- Stripe is a simple and reliable payment processing service that can be used to pay independent contractors. But it’s not the easiest way to pay your contractors—we’ll cover that below.
- You will need to collect the necessary information from your independent contractors, such as their email address and bank account information, to use Stripe for payment.
- Once you have set up your Stripe account and collected the necessary information, you can easily initiate payments and celebrate once the payment has cleared.

## How do I pay my contractors with Stripe?

**Set up a Stripe account:** First, you'll need to set up a Stripe account. It's a simple process that only takes a few minutes. Stripe also offers a wide range of payment processing services to meet all your payment needs.

**Collect necessary information:** Next, you'll need to collect the necessary information from your independent contractors, such as their email address and bank account information. Make sure to keep this information secure and confidential.

**Initiate the payment:** Once you have the necessary information, you can log in to your Stripe account and enter the payment details, including the payment amount and the contractor's banking information.

**Wait for the payment to clear:** Stripe payments typically take two business days to clear, so make sure you have sufficient funds in your account to cover the payment.

**Celebrate!** Your payment has been processed quickly and securely. Don't forget to confirm with your independent contractor that they have received the payment.

## Is there a better way to pay my team?

Stripe is great, but if you want to pay your contractors even faster, you may want to give Thera a try. Our platform lets you pay your whole team of contractors, all at once, in a single click. In their currency of choice.

Learn more about how you can pay your team with Thera by [heading here.](/content/payroll/index.html)