How to Setup Instant Payouts
Instant Payouts are now available if you have your Stripe Custom account connected for direct deposits! 🙌
🚨Please Note!
Instant Payouts are currently only available in: the United States, Canada, the United Kingdom, and Singapore 🇺🇸 🇨🇦🇬🇧🇸🇬
How to enable Instant Payouts in your Store
There are 3 requirements that must be met before you can start using Instant Payouts -
- Your Stan account must be active for a minimum of 30 days
- The bank account that is connected to your Stripe Custom account must be Instant Eligible
- You must have already cashed out a minimum of $2,000 USD using the regular cash out method
Once you have fulfilled all 3 requirements, you'll be able to view the Stripe Instant Payouts toggle from your Payments tab, under Account Settings.
Once toggled on, you will be able to receive cashouts instantly going forward.
📣 Heads Up!
Even if you meet the minimum requirements, you may not be able to enable Instant Payouts in your store. This is because Stripe manages Instant Payouts and reserves the right to decline Instant Payout access to any store!
Managing Payout Methods
You must have an eligible payout account to receive Instant Payouts. Use the External payout accounts and scheduling section in the Dashboard Settings tab to manage your payout accounts.
| COUNTRY | ELIGIBLE EXTERNAL ACCOUNT TYPE |
|---|---|
| US | Bank account (check supported banks) |
| Canada, Singapore | Bank card (check supported banks) |
| United Kingdom | Bank account (check supported banks) |