Instant payouts let you receive funds in minutes instead of days!

Instant Payouts is a new feature of Stripe payment processing. If you're not yet using Stripe to process payments, follow this link to get information about  Stripe.

What are Stripe Instant Payouts?

Regular Payouts:

• Take two days or more to receive funds from your credit card transactions.
  

Instant Payouts:

• Receive funds within 30 minutes.
  
• Receive funds at any time of day, including weekends and holidays.

How do I initiate an Instant Payout?

1. Log into the Stripe Dashboard and go to Balances > Overview tab 
2. If you're eligible, and have a positive balance, then click Pay out Funds.
3. Enter an amount to pay out.
4. 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 or bank account details. 
   
5. Click the Pay Out button to complete your Instant Payout.

Funds will appear in the associated bank account within 30 minutes!

FAQ

What is required for Instant Payouts?

• An eligible debit card or bank account. Is my debit card or bank eligible?
• You must be located in either the US, CA, UK, or AU.
  
• Brand new Stripe Accounts are not immediately eligible. 

Not currently eligible for Instant Payouts? Contact Stripe for more information.

Why is my balance no longer available for Instant Payouts? 

When a payment is first received, it appears as a pending balance in your Dashboard (minus any Stripe fees). This balance is available to pay out instantly for up to 24 hours (or the creation time of your next scheduled payout, whichever comes first).

If an Instant Payout is not manually initiated within that window, the funds are paid out according to your standard payout schedule. Once a standard deposit has been initiated, those funds are no longer available for Instant Payouts and the Instant Payouts balance is updated accordingly. 

Is there a fee for using Instant Payouts? 

Stripe will charge 1.5% of the payout amount. This will be noted in the Stripe dashboard before you complete the payout. 

Can I initiate instant payouts on Stripe mobile app (iPhone or Android)?

Yes you can - click here for details. 

Resources:

• Stripe Instant Payout FAQ
  
• How to initiate an instant payout