Instant Payouts with Online Payments
Instant Payouts are an easy way to fast track the payment process and ensure you get paid as soon as you need to. If you opt-in, you will pay an additional 1% fee to receive your client’s payment within 30 minutes (timing can vary by bank).
With Instant Payouts, you have a lot of flexibility when it comes to how you get paid:
- You can manually opt for instant payment on just one specific payment.
- You can opt-in to automatically receive instant payments for all your client payments.
- You can use instant payments for a portion of the payment amount, or for all of the payment amount.
Although many banks support Instant Payouts, not all banks do. If your bank does not support it (see the list here), the Pay Out Now option will not appear, and you will not be able to receive instant payments.
How to Use Instant Payouts
1. When a client pays you through Houzz Pro, you will receive an email notification about the payment, as well as a notification within the Houzz Pro software. To skip the transfer time and receive an instant payment, click Pay Out Now.
2. You can then select the transfer amount for this payment. You can decide to transfer all of the amount available, or just a portion. If you select a portion for instant payouts, the remainder of the payment will be deposited into your account within the standard processing time and with the standard fees.
The Instant Payout fee is 1% over and above the credit card or ACH processing fee, so you will notice that listed here. To continue, click Transfer.
3. You will receive a transfer confirmation in Houzz Pro, as well as an email confirmation, and your funds should arrive shortly!
If there was an issue with your transfer, you will receive an error notification and be asked to try again.
Opt-in for Instant Payouts
If you would like to automatically receive Instant Payouts for every payment you receive through Houzz Pro (up to $30,000 transaction volume per day), you can enable this in your Online Payment settings.
1. To start, click on the Settings icon in your left-hand navigation, then select Online Payments from the left menu.
2. Scroll down to the bottom of your screen until you see the Instant Payouts section. Click on the checkbox to automatically initiate instant payouts for all future payments.
If you change your mind, you can easily re-adjust this setting later on.
Instant Payouts in Payment Reports
All your Instant Payouts will be documented in the Payments Report. To access your Payments Report, select the Company icon, then click on Financial Reports in the left menu.
Select the Payments Report option — your total Instant Payouts details will be displayed at the top of this report.