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How to change your payout schedule
How to change your payout schedule

A step-by-step guide to getting faster payouts

Rich Mucha avatar
Written by Rich Mucha
Updated over a week ago

With Lopay, you control how quickly your payments are paid out to your connected bank account. You can choose from the payout schedules below and can change your payout schedule at any time:

  • Instant - payouts are made immediately after the transaction, even on weekends and bank holidays. Instant payouts are triggered once your account balance reaches £50, but you can request an instant payout below £50 for a small fee.

  • Next Day - payouts are the next business day (Mon-Fri, pre midday)

  • Weekly - payouts are once a week on Thursdays (pre-midday)

Follow the steps below to change your payout schedule:

  1. Go to the 'More' page in the Lopay app (list icon in the bottom right).

  2. Select 'Update your schedule'

  3. You will then be offered the 3 schedule options and their respective transaction rates. Select the option that suits you and select 'Update' at the bottom of the screen.

For more information on payouts, please click here.

For detail on how to request an Instant payout at any time, please click here.

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