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

  • Instant - payouts are immediately after the transaction, even on weekends and bank holidays

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

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

Please follow the steps below to change your payout schedule:

Step 1

Go to the Settings screen in the lopay app by selecting the cog icon in the bottom right of the screen.

Step 2

Once on the Settings page, select 'Payout schedule'

Step 3

You will then be offered the 3 schedule options and their respective transaction rates. Please select the option that suits you. Once happy with your selection, please choose 'Complete' at the bottom of the screen.

Step 4

After you have selected 'Complete', you will see a confirmation message and a request to complete identity verification and add bank details if you've not yet done this - these are necessary before we can make a payout.

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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