Stripe increasing "instant payout" fees by 50%
support.stripe.com
Stripe increasing "instant payout" fees by 50%
1–10 of 109 posts
Re: Stripe increasing "instant payout" fees by 50%
#2Anyone have a list of providers that use Stripe Connect?
Re: Stripe increasing "instant payout" fees by 50%
#3The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
Re: Stripe increasing "instant payout" fees by 50%
#4Why is this such an important news? Do people regularly use instant pay out? I would think that it's mostly for emergency situations. Normal payout is still free.
Re: Stripe increasing "instant payout" fees by 50%
#5The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
That is what a 50% increase means.
Re: Stripe increasing "instant payout" fees by 50%
#6If I remember correctly, payouts always take two or three days to clear, to comply with all of the settlement and legal processes.
The “instant payout” is actually a temporary loan from an entity already approved as having all funds available for immediate disposal at multiple links in the chain. This is then used to create the illusion of an instant payout… while the “loan” guarantor receives payment 2-3 days later.
This is also why there’s actually a “instant payout” limit on your Stripe account, almost like a credit limit - because it basically is credit.
Re: Stripe increasing "instant payout" fees by 50%
#7If I remember correctly, payouts always take two or three days to clear, to comply with all of the settlement and legal processes. The “instant payout” is actually a temporary loan from an entity already approved as having all funds available for immediate disposal at multiple links in the chain. This is then used to create the illusion of an instant payout… while the “loan” guarantor receives payment 2-3 days later.…
Sounds like a blockchain startup in the making!
Re: Stripe increasing "instant payout" fees by 50%
#8The title feels a bit disengenious. Technically, yes, it was increased by 50% of what it was, but it is a shift from 1% to 1.5%, not up to 50% of each transaction.
Percent vs percentage points. It's slightly confusing but the title is correct.
Re: Stripe increasing "instant payout" fees by 50%
#9If I remember correctly, payouts always take two or three days to clear, to comply with all of the settlement and legal processes. The “instant payout” is actually a temporary loan from an entity already approved as having all funds available for immediate disposal at multiple links in the chain. This is then used to create the illusion of an instant payout… while the “loan” guarantor receives payment 2-3 days later.…
Yes as noted on the page
> You can always pay out your funds using our standard schedule (2 business days) for free.