What is Fast Payout?
Fast Payout is a quicker way to access your Yoco earnings.
Upgrade to Fast Payout and get paid out by 8:00am the next day, seven days a week (including Sundays and public holidays).
💸 Fast Payout is only available if your Yoco balance is at least R10.00. If you don't meet this requirement, your payout will carry over until your balance increases.
Banks that support Fast Payout
ABSA Bank | Discovery Bank | Investec Bank | Standard Bank |
Access Bank | Finbond Mutual | Mercantile Bank | Standard Chartered |
African Bank | First National Bank | Nedbank | Tyme Bank |
Al Baraka Bank | FirstRand Bank* | OM Bank | Ubank |
Bidvest Bank | HBZ Bank | Rand Merchant Bank | WesBank |
Capitec Bank | HSBC | Sasfin Bank |
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*Owners of FNB, WesBank and RMB
💡 Good to know: In very rare cases, your Fast Payout request may be unsuccessful. If this happens, a follow-up request will be sent, so you still get paid on the same day.
Who qualifies for Fast Payout?
Fast Payout is available to all Yoco customers. Pricing depends on your plan.
| Fast Payout Fee |
Original Plan | 0.75% (ex. VAT) of payout (minimum R7.50 ex. VAT) |
Starter Plan | 0.75% (ex. VAT) of payout (minimum R7.50 ex. VAT) |
Core Plan | 0.75% (ex. VAT) of payout (minimum R7.50 ex. VAT) |
Pro Plan | Free |
Accelerate Plan | 0%–0.5% (ex.VAT)* |
* Fast Payouts are currently free on the Accelerate Plan. This may change in the future, but for now, there are zero fees for this type of payout.
✨ Not sure which Yoco Plan you're on? Click here to find out how you can check in the Yoco App (mobile or web).
How to upgrade to Fast Payout
You'll get a notification in the Yoco App (mobile or web) when you're eligible to upgrade to Fast Payout.
How to switch back to Standard Payout
If you've upgraded to Fast Payout and you'd like to switch back to Standard Payout, here's how:
Note: You must be using version 10.20 and above of the Yoco App.
Fast Payout vs Instant Payout
While Fast Payout and Instant Payout both give you quicker access to the money you earn, there are some important differences.
| Fast Payout | Instant Payout |
Payout type | Scheduled payout. | On-demand payout. |
Payout made | By 8:00am the next day. | Within minutes. |
Payout available | Seven days a week, including weekend and public holidays. | Seven days a week, including weekend and public holidays, but not between 5:00am and 7:00am each day. |
Cost | Free for merchants on Pro Plan.
0%–0.5% (ex. VAT) for merchants on Accelerate Plan. 0.75% (ex. VAT) of payout (minimum R7.50 ex. VAT) charged for merchants on Original, Starter, and Core Plans. | Minimum flat rate of R15.00 (ex. VAT) charged for an Instant Payout of R1500 or less.
Fee of 1% (ex. VAT) of the requested amount charged for an Instant Payout between R1500 and R10,000. |
✨ Need instant access to the money you’ve earned? Find out more about Instant Payout.