What is an Instant Payout?
An Instant Payout is a type of payout to your bank account on file. Instant Payouts are available at any day or time, including weekends and holidays, and funds typically settle in the associated bank account within 30 minutes.
Who is eligible for Instant Payouts?
Stripe, our payment processor, only allows for Instant Payouts to connect accounts in the same country as the platform.
For StartPlaying, this means Instant Payouts are only available for connected accounts that are in the United States and have a supported bank account.
How do I know if my bank supports Instant Payouts?
For a full list of banks in the United States that support Instant Payouts, please check here under "Supports Instant Payouts for its bank accounts"
How do I initiate an Instant Payout?
Go to your Payouts page
Click Payout
On the Select payout type window, make sure Instant Payout is selected
Click the blue Instant Payout button
How much does an Instant Payout cost?
An Instant Transfer costs 2% of the total amount you are transferring.
Example: DM Bob goes to transfer $100 to his bank account. If he transfers $100 using a Standard payout, it will take 1-5 business days and he will receive $100. If he uses an Instant payout, it will take up to 30 minutes and he will receive $98.
Do I have to Use An Instant Payout?
No! You will always have the option to do a Standard Payout, which will take 1-5 business days.