You can automate your instant payouts to receive payments at the same time every day, including weekends and holidays. This feature helps you save time and ensures faster access to your funds.
Learn about your instant payout eligibility in Frequently asked questions about instant payouts.
How scheduling instant payouts works
Schedule automatic instant payouts
Turn off automatic instant payouts
How scheduling instant payouts works
Scheduling instant payouts allows you to choose:
- The maximum amount to be paid out instantly
- The specific time you wish to receive your payments
Schedule automatic instant payouts
- Log in to your Wave account at waveapps.com.
- On the left-side menu, click Banking > Payouts.
- Click Set schedule in the bottom right of the Available for Instant Payout tile.
Turn off automatic instant payouts
- Log in to your Wave account at waveapps.com.
- Click on your business name at the top right, then click Business settings.
- Under the Banking heading, click Payouts.
- Click Set schedule and choose Stop scheduled payouts.
If you stop scheduled payouts, you can still withdraw instant payouts manually or set up the schedule again in the future. Any funds not withdrawn as instant payouts will follow Wave’s standard processing timeline.
Frequently asked questions
Is there an additional cost for scheduled instant payouts?
No, the fee remains the same at 1% per withdrawal.
Can I manually accept an instant payout before my scheduled time?
Yes, you can manually accept your instant payout if you need funds immediately, regardless of your scheduled time.
Can I limit the amount accepted with each scheduled instant payout?
Yes, you can set a maximum amount for scheduled instant payouts to control how much is paid out daily.
What happens if my scheduled instant payout fails?
If Wave cannot process your scheduled Instant Payout, you will receive an email notification, allowing you to retry the transaction.