{"id":9469,"date":"2019-04-29T18:46:27","date_gmt":"2019-04-29T13:16:27","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=9469"},"modified":"2022-03-10T17:17:04","modified_gmt":"2022-03-10T11:47:04","slug":"same-day-payouts","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/same-day-payouts\/","title":{"rendered":"Introducing Same Day Payouts: Making Faster Payouts More Convenient"},"content":{"rendered":"

Imagine your customers make a payment and you end up receiving it the same day! Well, you are in luck. Instamojo has introduced the Same Day Payouts feature to the public.\u00a0<\/span><\/p>\n

Small business owners need healthy cash flow for their business. The normal settlement period with payment gateways<\/a><\/span> and banking partners is T+3 business days, which can be a little strenuous. <\/span><\/p>\n

If you need to purchase materials for your customer\u2019s orders or if you\u2019re in the service business, you need money faster and easily available to you. So, we heard you.\u00a0<\/span><\/p>\n

Solving Core Business Problems with Same Day Payouts:\u00a0<\/strong><\/span><\/h2>\n

In the past few months, we connected with most of our merchants to address their concerns and issues. We realized faster payouts is important for the MSME sector. Faster payouts help to account for any unexpected expenses and help in the growth of your business. Some of their main concerns included:\u00a0<\/span><\/p>\n

\u201cSometimes, payments get delayed to my partners for raw materials procurement & delivery.\u201d<\/span><\/p>\n

 <\/p>\n

\u201cCan\u2019t wait for 3 days as I\u2019ve to purchase tickets that customers have booked through my website.\u201d<\/span><\/p>\n

 <\/p>\n

‘I should be able to get payouts the same day I receive payments from my customers\u201d<\/span><\/p>\n

 <\/p><\/blockquote>\n

To address these challenges, we launched Instant payouts<\/span><\/a> to help our merchants get their payouts within minutes. <\/span><\/p>\n

However, merchants required a <\/span>cheaper and more convenient<\/b> product; one that did not require them to log in to the platform and select payments every time he\/she needed the money. <\/span><\/p>\n

And that\u2019s how we came up with the Same Day Payouts Plan. <\/span><\/p>\n

Introducing Same Day Payouts<\/b><\/h3>\n

Same Day Payouts give you the convenience and flexibility to receive payouts once or multiple times in a day. You can get a payout up to 3 times a day and you get to choose the schedule (once, twice or thrice) that suits your requirements. <\/span><\/p>\n

The schedule timings are: <\/span><\/p>\n