New Stripe Payout Options ⏩ 💳

Faster card payouts via Stripe

What’s new with Rundoo?

Faster Stripe payouts; i.e. T+1 payouts.

What does this mean?

The current default payout schedule for Stripe is T+2 (2 days after the transaction), which means that if a card transaction occurred on Friday, Jan 10, for example, the payout via Stripe would not happen until Tuesday, January 14 (2 days later and excluding the weekend). The problem with this example is the payout can feel particularly long from a cash flow perspective.

It’s important to support as many solutions to support your business needs and we’re excited that we can now offer a faster payout schedule.

What does this involve?

Updating your Stripe payout schedule involves a .1% increase in your processing rates. If your current rate is 2.9% + 30cents, the faster processing will become 3.0% + 30cents.

How is this set up?

If you’re interested in the T+1 payout schedule, just reach out to support@getrundoo.com and we’ll initiate the process. Turnaround times for completing the process and updating your payout schedules are under 24 hours.

What next?

Let us know if you’re interested and have any feedback for how we support your card processing needs!