Payout on Demand

What is Payout on Demand?

Payout on Demand is a feature that allows merchants receive a portion of their payout before the next payout run. The payout can either be received in a merchant’s already verified settlement account or in the merchant’s Paystack Balance.

What does this mean for merchants?

Payout on Demand means that Paystack merchants no longer need to wait till the next day before they receive their payout for collections made in the present day i.e. T+1 settlement for Nigerian merchants.

Eligibility criteria

This feature is only available to merchants that have had at least 1 payout per week for the last 4 consecutive weeks (1 month).

Payout availability and limits

Only 70% of already processed transactions are available to a merchant for Payout on Demand. However, there is no limit to the number of times you can withdraw as long as the value of the withdrawal doesn't exceed the amount available for your business.

How much does this cost?

You will be charged 1% of the withdrawal amount for each withdrawal.

How can I request a Payout on Demand?

This feature can be requested via the Payout page on the Paystack Dashboard. Simply click on the 'request payout' button on the right side of the Payouts page.

An interface will pop up to show you how much you have available to withdraw and to choose the withdrawal destination (settlement account or Paystack Balance). You can then go ahead to input the desired amount and confirm the withdrawal.