If you receive a payment and you don’t want to wait for your deposit to process, Instant Payouts can push funds to your bank account nearly instantly even on weekends and holidays. Read on to learn more about how Instant Payouts work, and what you need to do to set it up.
If you’re using Wave Payments, Wave enables Instant Payouts automatically when you become eligible. Wave determines eligibility based on a series of criteria, and no additional signup is required. When you become eligible for Instant Payouts, Wave notifies you by email.
How do I choose to get an Instant Payout?
In your Wave account, navigate to Banking > Payouts to see your available Instant Payout balance. You can choose to withdraw the entire available balance or any smaller amount above $25, which is the minimum amount you can accept as an Instant Payout. You’ll receive the amount you choose to withdraw within 30 minutes.
A 1% Instant Payout fee will be applied to the amount you withdraw from your available balance. Instant payout fees are separate from the Wave Payments processing fee which is incurred on your invoice payments.
Learn more in Frequently asked questions about Instant Payouts.