For businesses on an automated payout schedule, the payout depends on the country of that business and the currency the payments were made in.
For some currencies, there's a minimum amount we can pay out automatically. Funds in that position can either be let to accumulate so that we can pay out to the receiving account, or the business can bear the cost of transferring the funds to their bank account.
Below is a list of all available payout schedules:
|Ghana||Ghana Cedis (GHS)||After 2 working days||GHS 50|
|Nigeria||Nigerian Naira (NGN)||Next working day||NGN 100|
|US Dollars (USD)||After 7 working days||N/A|
|South Africa||South African Rand (ZAR)||After 3 working days||N/A|
|Côte d'Ivoire||West African CFA franc (XOF)||After 3 working days||N/A|
Important to Note
We have two payment cycles every day, one in the morning and the other in the afternoon. If you do not receive your payouts in the morning you can rest assured you'll get it in the afternoon.
Does Paystack charge for sending payouts to your bank account?
We don't charge you when we automatically settle your bank account.