Stripe increasing “instant payout” fees by 50%

Stripe is now offering Instant Payouts, allowing you to access and transfer your funds to your bank account or debit card immediately. However, starting June 1, 2024, the fee for Instant Payouts in the US will increase from 1% to 1.5% per payout. If you’re concerned about the impact of these fee changes on your business, you can calculate it using the Stripe Dashboard. The good news is that you can always opt for the standard payout schedule (2 business days) for free. For Connect platforms, the fee changes apply to all direct Stripe accounts and Standard connected accounts. No action is required from your end, as these changes will automatically take effect on June 1, 2024. If you have more questions, don’t hesitate to contact the Stripe team.

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