Tiers: All
Step-by-step instructions
1. When processing payments, company owners can choose a certain amount of funds to receive before the regular payout schedule. This functions as early access, or a loan against soon-to-be-processed payments. To access this feature:
- You must be logged in as the owner account
- Your company must have existed on the platform for 90 days
- Your company must have finished at least 5 stops
- Your company must have processed at least $2,000 worth of payments
When the criteria is met, the Instant Payouts box will appear on the Dashboard, along with the amount you currently have available to draw.
Note: The actual speed of the payout appearing in your bank account will depend on the processing speed of your financial institution.
2. When you click “Pay out instantly,” you’ll get a pop-up showing the instant payout details, including the amount you’ve chosen and the receiving account.
There is a 1% fee for the option, as this is functionally an advance or a loan. You can’t add new or remove any existing bank accounts from this screen, and there is a limit to the amount of payouts you can take at a time, which is currently two per day as long as there are funds available.
When you’re ready, click Pay Out and your funds will process.
