📌 Instant Payouts are only available for 1099 tasks. For information on W2 tasks, see this article: W2 - Payroll Process
What are Instant Payouts?
Instant Payouts allow you to transfer money from your available Stripe balance to an eligible debit card or bank account without waiting for a Weekly Payout.
- Instant Payouts do not replace Weekly Payouts; they are completely voluntary and supplemental.
- Instant Payouts are only available to eligible bank accounts or debit cards. A 1% fee applies to each Instant Payout, with a $0.50 minimum fee. "Instant," in this case, means same day. The payout will take anywhere from 30 minutes to the end of the day, depending on your bank's processing times.
Two Versions of Instant Payout
There are two ways you can set up Instant Payouts.
- Manual = If the option is set to 'Manual,' the funds in your Stripe balance will not transfer with the Weekly Payout, but will continue to accumulate in your Stripe balance until you manually initiate an Instant Payout.
- Automatic = You authorize the system to automatically initiate an Instant Payout to your default payment method on file with Stripe.
How to Request an Instant Payout
- In the Hyer app, tap the Settings icon in the upper-left corner.
- Tap Payment Hub.
- Tap Instant Payout, then Next.
- Enter the amount you want to transfer. You can request all or part of your available balance. Tap Next.
- Review the payout breakdown and tap Confirm Payout.
- Review the confirmation message.
Having trouble with an Instant Payout? See Why Did My Payout Fail? for troubleshooting steps. If you still need help, contact Hyer Support at Support@gohyer.com