Payouts are an integral part of the Ryft ecosystem, allowing Account and Sub-Account holders to withdraw funds from their accounts.
Payouts have two frequencies that either the Main Account holder or Sub-Account holder can manage:
- Daily Payouts: Ryft automatically processes payouts every business day, ensuring that funds are transferred to the account holder's designated bank account.
- Manual Payouts: Account holders can initiate payouts at their discretion, allowing for greater control over when funds are withdrawn. This is particularly useful for businesses that may not require daily access to their funds or prefer to manage cash flow more strategically.
Both of these payout types are managed through the Ryft platform, ensuring a seamless and efficient process for accessing funds.
Irrespective of the payout frequency, it still takes 2 business days for a transaction to be processed and funds to be available for withdrawal. The payout schedule is defined as follows:
| Payment Received | Payout Made |
|---|---|
| Monday | Wednesday |
| Tuesday | Thursday |
| Wednesday | Friday |
| Thursday | Monday |
| Friday | Monday |
| Saturday | Monday |
| Sunday | Tuesday |
To learn more about how to manage and configure payouts, please refer to the Payouts section.