💳 What are Instant Payouts?
Instant Payouts lets you request money from your current Stripe balance and deposit it to a qualifying debit card or bank account. Some restrictions apply.
- Instant Payouts do not replace Weekly Payouts; they are completely voluntary and supplemental.
- Instant Payouts are not automatic. You need to manually request an Instant Payout each time you would like one.
💰 Getting the Money to Your Bank Account?
As soon as you click 'I’m Done/ and request payment, the Customer has up to 24 hours to confirm the payment. Once the payment is confirmed, the money for that task is immediately deposited into your Stripe account. To get the money to your bank account, you need to request an Instant Payout or wait for the Weekly Payout. You can request an instant payout as long as you have a qualified/eligible bank account or debit card on file.
How to Request an Instant Payout:
- Go to the Settings menu (the three horizontal lines in the top left of the screen) within the Hyer application.
- Select 'Account Information' from the list.
- Select 'Instant Payout' under the Payment header.
- Select 'Next.'
- Choose the amount you would like paid out by editing the number at the top of the screen. When you are satisfied, select 'Next.'
- Review the payout, then select 'Confirm Payout.'
- You are done; the payout will be in your bank account or on your debit card by the end of the day.
What are the "Restrictions"?
- Tasker must be on a supported debit card or bank account.
- There is a 1% fee for each payout, with a $0.50 minimum charge per payout.
- 'Instant,' in this case, means same day. The payout will take anywhere from 30 minutes to the end of the day.
What happens if my Instant Payout request Fails?
- Payouts may fail for a variety of reasons. The best thing to do is to call your bank first. Hyer cannot see why your bank may have had an error or declined the transaction. After calling them and confirming that the issue was resolved, we suggest trying the payout again. You should wait at least 30-60 minutes after your first attempt to try again.
- Learn more here: Payout Failed FAQs
- Learn more here: Payout Failed FAQs
📌 Things to Note:
- Always make sure your information with Stripe (phone number, email, and payout information) is up to date! Not keeping this information updated may cause you to have to take additional steps to securely verify your identity with Stripe before changes can be made, which may cause a delay in retrieving your funds from your Stripe account.
- Decide if you want to have Scheduled Payments on or off. If you leave Scheduled Payments toggled on, that means that if you do not request an Instant Payout by Monday, Stripe may freeze those funds and deposit them with the weekly payout.
- To edit your bank account or debit card information, click 👉here.