Best Suited for:
- Users with owner or administrator permissions (in Stripe)
- Stripe users located in United States or Canada
Important Terms:
Instant Payouts: Instant Payouts allow you to transfer funds to an eligible debit card or bank account within minutes of a transaction for a fee. Funds paid out instantly to a bank account or debit card will appear in the associated bank account within 30 minutes
Instant Payout Fee: There is a 1.0% fee for all instant payouts
Instant Payout Minimum: The minimum instant payout amount is $0.50
Instant Payout Maximum: The maximum instant payout amount is specific to your account
Quantity of Instant Payout Maximum: The maximum number of instant payout transactions you are limited to in a day is 10 instant payouts per day
Daily Volume Limit: Daily instant payout limit is based upon the instant payout maximum and is reset at 12:00AM Central Time
Important Information:
- Instant Payouts can be requested at any day or time, including nights, weekends and holidays
- Funds typically arrive in the associated bank account within 30 minutes of the instant payout being approved
- Instant Payouts only apply to funds you have already collected
- All payouts are processed within your Stripe account
- The payout balance is available to pay out instantly for up to 24 hours or the creation time of your next scheduled payout, whichever comes first
- Eligibility requirements include the following:
- Processing payments for more than 60 days
- Have an eligible debit card or bank account connected to your Stripe account
Step-by-Step Instruction:
- Login to your Stripe Dashboard
- Go to the Balances page
- In the "Payouts" section, click Pay out now
- Enter the amount to pay out
- Select the debit card or bank account where you want the funds to go
- If you do not have an eligible account, enter new debit card (Visa or MasterCard) or bank account
- Click the Pay out button to complete your "Instant Payout"
Funds will appear in the associated bank account within minutes.