Express payment payout

[user3657]

Ive just setup and enabled Express payout(US). What happens next? Do I have to request payment? Or Does Amazon automatically disburse every 24hours? I dont see any request payment options, express payout is enabled and I opened a bank account just for this reason

[Apexpursuit]

Unfortunately you do not get disbursements every 24 hours. The "express" payout option just makes deposits go through in 24 hours instead of waiting 3-5 days.

[user3657]

Wow I screwed this up lol. I guess I misunderstood this because in the email I received something about requesting payment and you can only request every 24 hours. It even says in the help files there's a button to request payment under reports. But after Googling it it does seem like it's just a quicker method and nothing mentions being able to manually request payment. I spent almost two hours today at the bank opening an account just for this lol.

[user3657]

Originally Posted by Apexpursuit

Unfortunately you do not get disbursements every 24 hours. The "express" payout option just makes deposits go through in 24 hours instead of waiting 3-5 days.

Do you know anything about express payment via us debt card? The help files say this:
Express Payout is different than Disburse on Demand, which allows a seller to request a payout manually by clicking the Request Payment button on the Payment Dashboard. Under Disburse on Demand to a Visa debit card, Amazon will payout funds within 24 hours.

So if I'm reading that right they will disburse to a debt card after requesting payment??

[rsot]

Originally Posted by Apexpursuit

Unfortunately you do not get disbursements every 24 hours. The "express" payout option just makes deposits go through in 24 hours instead of waiting 3-5 days.

Interesting clarification.

[user3657]

Originally Posted by rsot

Interesting clarification.

I just wanna enable "disbursement on demand" :(. I assume this is something different then the grandfather accounts with daily payout. The help files say that you can request disbursements if you disburse to us debit cards....but I've never heard that before..

[Apexpursuit]

Originally Posted by user3657

Do you know anything about express payment via us debt card? The help files say this:
Express Payout is different than Disburse on Demand, which allows a seller to request a payout manually by clicking the Request Payment button on the Payment Dashboard. Under Disburse on Demand to a Visa debit card, Amazon will payout funds within 24 hours.

So if I'm reading that right they will disburse to a debt card after requesting payment??

Most accounts have this. The "request payment" button pays out your total balance less the amount held in your seller account to cover chargebacks, refunds, A-to-z Guarantee claims and fees. I have never used it.

[user3657]

Originally Posted by Apexpursuit

Most accounts have this. The "request payment" button pays out your total balance less the amount held in your seller account to cover chargebacks, refunds, A-to-z Guarantee claims and fees. I have never used it.

So it just shows up? And not the grandfather accounts? It doesn't matter if it disburses to a checking or debit card? Maybe because my health is 204 I don't have it?

[SaiJin]

They'd prefer a bank account usually

[Apexpursuit]

Originally Posted by user3657

So it just shows up? And not the grandfather accounts? It doesn't matter if it disburses to a checking or debit card? Maybe because my health is 204 I don't have it?

I do not know anything about grandfather accounts. It should appear for all accounts in the payments tab.

If you are strapped for cash and need quick payouts you may want to check out Payability. They take a cut. Do your research, I have heard horror stories about them.

[user3657]

Originally Posted by Apexpursuit

I do not know anything about grandfather accounts. It should appear for all accounts in the payments tab.

If you are strapped for cash and need quick payouts you may want to check out Payability. They take a cut. Do your research, I have heard horror stories about them.

I do not have that option :(

[Apexpursuit]

Originally Posted by user3657

I do not have that option :(

Payability? they are a separate business or at-least amazon wants us to think so

[user3657]

Originally Posted by Apexpursuit

Payability? they are a separate business or at-least amazon wants us to think so

The option to manually disburse. I don't have it:( alot of accounts are grandfathered in when all accounts had it I assume.

[user3657]

so I just received my first express payment...it was a day earlier. I wouldnt call it 24hours but instead of 3 days I had it in 2 days. incase anyone is wondering

[SaiJin]

normal payments for me is 1-2 days already except weekends.

[rsot]

Originally Posted by user3657

so I just received my first express payment...it was a day earlier. I wouldnt call it 24hours but instead of 3 days I had it in 2 days. incase anyone is wondering

nice to hear of this early move