All businesses on Paystack, both Starter and Registered Businesses, are paid automatically. This means as a Paystack merchant, you do not have to request for a payout. After deducting our charges, we pay the entire sum of transactions received in a day into your bank account. However, depending on your currency, your payout schedule might be different.
When does a merchant receive their payout?
Naira transactions are on a payout schedule of T+1 - this means that we automatically pay the total sum received to the merchant on the next working day after the transaction day.
For transactions that happen on Fridays, weekends and public holidays, payouts are done on the next working day.
Transactions made to a merchant in USD are on a payout schedule of T+7 - this means that we automatically pay the total sum received on the 7th working day after the transaction day.
Does Paystack charge for sending payouts to your bank account?
We don't charge you when we send payout automatically to your bank account.
How much can Paystack send to my account as payout?
We can only send payouts when your total payments in a day total at least N50 after transaction charges. On the other hand, there's no maximum amount for payout on Paystack; we're happy to see your business grow.