Managing Your Payout Schedule

Within our Gym Management Software, you have the ability to customize your payout schedule according to your preference. With Instant Payouts, you could have your funds in an associated bank account within 30 minutes once the payments have cleared.

Here are the payout schedule options:

Daily Payouts: Receive payouts from your available balance automatically every day. Daily payouts incur a fee of 50 cents per payout.

Weekly Payouts: Receive payouts from your available balance automatically every week on the day you select.

Monthly Payouts: Receive payouts from your available balance automatically every month on the day you select.

Manual Payouts: Manually initiate your payouts from your available balance to your bank account from within your Dashboard. Manual payouts incur a fee of 50 cents per payout.

Instant Payouts: Connect a debit card and manually initiate payouts 24/7, including weekends and holidays, and funds typically appear in the associated bank account within 30 minutes.

There is a daily limit of $4,999 for Instant Payouts and a minimum payout amount of $10. All instant payouts incur a fee of 1.9% of the payout amount, with a minimum fee of $3.

 

Starting from the “Account” tab on your Dashboard, follow the step-by-step instructions below to learn how to change your payout schedule.

change-payout-schedule

 

Step-by-Step Guide:

Step 1: Select “Business Dashboard” from the left side menu.

Show how to get to your business dashboard

 

where to find the link to change your payout schedule

Step 3: Choose your preferred payout schedule and save changes.

Please note: Changing your payout settings does not mean your payouts will arrive the next day. Your payouts will arrive according to your payout schedule.

By default, Stripe automatically creates payouts from your available account balance based on the schedule you’ve set up.

When you collect a payment, it’s initially reflected as a pending balance. This balance becomes available according to your payout schedule.

Most United States businesses (except those in higher-risk industries) operate on a 2 business day basis, where your payouts contain payments processed two business days prior.

Updated on July 30, 2021

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