With Instant Payouts, Stripe lets you access your funds and pay them out to your bank account or debit card immediately. Starting June 1, 2024, the fee for Instant Payouts in the US will increase from 1% to 1.5% per payout. You can always pay out your funds using our standard schedule (2 business days) for free. This applies to all direct Stripe accounts, as well as standard connected accounts.
The best way to calculate the impact these changes might have to your business is to use the Stripe Dashboard.
To understand the impact of changes:
You can always pay out your funds using our standard schedule (2 business days) for free.
This applies to all direct Stripe accounts, as well as Standard connected accounts. Stripe will automatically notify your Standard connected accounts about the change. They will also be able to see the new pricing when they opt for an Instant Payout.
If you use Connect with Custom accounts, there are no changes to your fees.
To understand which of your connected accounts are impacted, please reach out to the Stripe team.
This support page provides you with more details on the notice we sent you describing changes to certain fees. That notice is a legal notice sent to Stripe users, even those who have unsubscribed from optional marketing notices. You cannot unsubscribe from legal notices, but if you’d prefer not to receive any further legal notices from Stripe, you can close your account by following these steps.
Your continued use of Stripe's services after June 1, 2024 is subject to these fee changes. Any termination rights you have under your agreement with us are unaffected by this change.
There’s no action necessary for you at this time and these changes will automatically apply to your business and / or your connected accounts on June 1, 2024.
If you have questions beyond what's detailed above, please reach out to the Stripe team.