Instant pay
1099 professionals have two options for payouts: to receive their money via instant pay or standard pay. Instant pay allows professionals to receive their shift earnings within ~30 minutes after the business confirms payment.
To qualify for instant pay:
You must have a debit card on file as your payout default method.
You must have at least $20 in your Stripe account.
Please note: Instant pay is not supported for pre-paid debit cards.
The instant pay fee is 3% of the transaction. (Standard pay does not have a fee.)
Instant pay is only available between the time a business pays a shift and Stripe transfers the funds via standard bank transfer, which occurs every business day at 8 pm EST.
To unlock instant pay for future payments, remove the current bank information in your Stripe account and add a qualifying debit card.* You can find out if yours is eligible by checking here: https://docs.stripe.com/payouts/instant-payouts-banks
*Stripe, our payment partner, has initiated a 48-hour pause on using the instant pay feature after a professional changes their payment method to a debit card or replaces their debit card. After the 48-hour period is over, you will be able to use the instant pay feature. Instant pay is not currently available for W-2 shifts.