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Yoco Fast Payout

Find out everything you need to know about Fast Payout from Yoco – how it works and how it differs from Standard Payout and Instant Payout.

Updated yesterday

Yoco Fast Payout gives you quicker access to your Yoco earnings. Get your money in your account by 8am the next day, including weekends and public holidays, and cover daily expenses without delays.

Fast Payout is available to all Yoco customers.

💸 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

*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.


Fast Payout fees

Your Fast Payout fees depend on your Yoco 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

FREE

* 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

  1. Log in to the Yoco App (mobile or web).

  2. Go to the Money tab.

  3. Select the Manage payout tile/widget.

  4. If you're eligible to upgrade, select the Fast Payout option, then the Update to Fast Payout button.


How to switch back to Standard Payout

  1. Log in to the Yoco App (mobile or web).

  2. Go to the Money tab.

  3. Select the Manage payout tile/widget.

  4. Select the Standard Payout option, then the Update to Standard Payout button.

Note: You must be using version 10.20 and above of the Yoco App (mobile or web).


Fast Payout vs Instant Payout

Fast Payout and Instant Payout both give you quicker access to the money you earn, but there are some important differences.

Fast Payout

Instant Payout

Payout type

Scheduled payout.

On-demand payout.

Payout made

By 8:00am every 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 11:30pm and 00:15am daily, when standard payouts are processed.

Cost

Free for merchants on the Pro Plan.

FREE for merchants on the Accelerate Plan. 0.75% (ex. VAT) of payout (minimum R7.50 ex. VAT) charged for merchants on the Original, Starter, and Core Plans.

Minimum flat rate of R17.25 (incl. VAT) charged for an Instant Payout of R1,000 or less.

Fee of 1.5% (ex. VAT) of the requested amount charged for an Instant Payout between R1,000 and R30,000.

Need instant access to the money you’ve earned? Find out more about Instant Payout.

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