We charge the marketplace 1.5% of the amount paid out (with a minimum charge of $0.50, so e.g. on a $30 payout, we'll charge $0.50) and we're able to offer discounts to platforms that are operating at scale. If you'd like to discuss, feel free to reach out to me at dave.coen@stripe.com
During the beta, we've seen many end users choose to pay a fee when they could have waited to receive a slower payout for free. We think the value of this product is in providing choice and giving end users immediate access to their funds when they want it. The stories I've heard from Lyft drivers about the difference it makes to have this flexibility has been my favorite part of working on Instant Payouts.
Comments
We charge the marketplace 1.5% of the amount paid out (with a minimum charge of $0.50, so e.g. on a $30 payout, we'll charge $0.50) and we're able to offer discounts to platforms that are operating at scale. If you'd like to discuss, feel free to reach out to me at dave.coen@stripe.com
During the beta, we've seen many end users choose to pay a fee when they could have waited to receive a slower payout for free. We think the value of this product is in providing choice and giving end users immediate access to their funds when they want it. The stories I've heard from Lyft drivers about the difference it makes to have this flexibility has been my favorite part of working on Instant Payouts.