Instant Payouts

Time To Pet Payments supports the ability for Instant Payouts. Instant Payouts allow you to quickly transfer any pending funds in your Time To Pet Payments account to a connected debit card.

In This Article

How to Trigger an Instant Payout

You can trigger an Instant Payout in the Credit Cards section in Invoicing & Payments Settings. Just look for the Instant Payouts section:

Start Instant Payout

After clicking the "Start Instant Payout" button, Time To Pet will check to determine if you have connected a debit card to your Time To Pet Payments account. A debit card is required to trigger an Instant Payout. If no debit card is identified, Time To Pet will provide step-by-step instructions on how to connect a debit card.

If a debit card is already connected, Time To Pet will show you the balance available, the fee, and the amount sent to your account:

Instant Payouts - Balance Available

After clicking the checkbox agreeing to pay the fee, you can start the payout.

Additional Notes

Stripe only supports one payout account at a time. Instant Payouts are only available for debit cards (not bank accounts.) After an instant payout is processed, we recommend that a merchant add their bank account back (as it's more reliable than a debit card for standard payouts due to debit cards expiring or needing to be replaced). A merchant needs to verify ownership each time they change their payout account (either debit or bank account) by entering either the account number currently on file or the debit card number currently on file. Once confirmed, the option to switch payout accounts appears. 

Instant Payout FAQs

How fast is “instant”?
Nearly 6,000 banks in the US support Instant Payouts, and in practice, ~99% of payouts are available within minutes. Due to differences across banks, the other 1% are usually available within a few hours or the next 1-2 business days.
Are there any fees to request an Instant Payout?
There is a fee of 1% of the payout (with a minimum of $2.50) for each instant payout processed.
Are there any limits on payouts?
There is a limit of $9,999 per each Instant Payout, but multiple instant payouts can be started in succession. There is also a monthly limit of $50K for consumer debit cards and $65K for small business ("commercial") cards.
Are Instant Payouts available outside of the U.S.?
No, Instant Payouts are currently only available to service providers with debit cards issued by U.S. banks.

What payments are eligible for Instant Payouts?

Payments categorized as "Future Payouts" are eligible for Instant Payouts. Payments already in the "In Transit To Bank" status are not eligible for Instant Payouts. 

Time To Pet Payments - Future Payouts

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