What is Fast Payout?
Fast Payout is an exciting Yoco service that delivers next-day payment so you can spend less time thinking about payments, and more time growing your business.
Skip the 1–2 business days you wait to get paid with our Standard Payout service.
Get paid out by 8:00am the following day, every day of the week, including Sundays and public holidays.
Enjoy quicker access to your money, giving you more flexibility and control over your finances.
💡 Good to know: In very rare cases, your bank may send a request for a Fast Payout that is unsuccessful. If this happens, a second payout request will automatically be sent, but your money may be paid out slightly later than 8am.
💸 Fast Payout is only available if your Yoco balance is R10.00 or more. If your balance is less than R10.00, your payout will carry over until you meet the minimum requirement.
How to upgrade to Fast Payout
If you’re currently on our Pro Plan, you'll have been given you the option to upgrade from our Standard Payout service to Fast Payout, free of charge.
If you move up to our Accelerate Plan or Pro Plan at any point, we'll automatically contact you via the Yoco App (mobile or web) about upgrading to Fast Payout, free of charge.
If you’re on the Starter or Core Plan, we'll contact you via the Yoco App (mobile or web) about upgrading to Fast Payout. The Fast Payout fee for merchants on the Starter and Core Plan is 0.75% of the payout, with a minimum fee of R7.50.
✨ If you've upgraded to Fast Payout and you'd like to switch back to Standard Payout, here's how:
1. Select the Money tab in the Yoco App (mobile or web).
2. Choose the Payouts tile/widget.
3. Select Manage your payout.
4. Choose Standard Payout.
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 pays you out by 8:00am the following day, while Instant Payout pays you out in minutes.
Fast Payout is currently only available to customers on our Starter, Core, Accelerate, and Pro Plans, while Instant Payout is available to all Yoco customers.
Fast Payout is free of charge for our Accelerate Plan and Pro Plan customers, while fees apply for all customers for Instant Payout.
✨ Need instant access to the money you’ve earned? Find out about Instant Payout.