You can now use Stripe to enroll in instant payouts, allowing for same day transactions. To get started, first ensure that you are properly enrolled with Stripe and then contact customer support for enrollment in our new instant payouts program. After enrolling, select the Dashboard and then Stripe. Under Future Payouts you will see Get Instant Payout in the lower right of the box.
Instant Payout Limitations
Please note that you can only use instant payouts if you have a minimum of $25 in Future Payouts pending, can only withdraw a minimum of $25 and a maximum of $2500 per transaction, and must have an account older than 90 days to enroll. However, you can process multiple transactions in a single day. If you do not have at least $25 in Future Payouts pending, the Get Instant Payout link will be grayed out and you will not be able to proceed. Owl deducts a 1.5% additional fee from each instant payout transaction.
After selecting Get Instant Payout the Instant Payout menu will open. Here you will add the debit card information attached to the account you wish to receive your instant payout. When you are finished, select Continue.
You will then be notified of the 1.5% fee for instant transactions as well as other limitations in the next menu. Select Continue to proceed and your payout will be processed.
If you are interested in enabling instant payouts, please contact customer support so we can add it to your account!