At Lopay we believe you should have total control of your money. Which is why we give you flexibility to choose when you get paid, and change your payout schedule whenever you like. After all, you’ve earned it.
Open the Lopay app, tap ‘More’ and then ‘update your schedule.’ You’ll find 3 options for when your money will be paid into your bank account – Weekly, Next Day, and Instant.
Weekly
0.79% for UK Visa & Mastercard, 1.79% for Amex & international cards.
Next Day
0.99% for UK Visa & Mastercard, 1.99% for Amex & international cards.
Next Day payments are settled one business day after the transaction. This means payouts are made Monday to Friday, typically before midday, as long as your balance is at least £1.
Next Day payouts work well for users who like to get paid daily but still want to pay far less than with other payment solutions.
Instant
1.79% for UK Visa & Mastercard, 2.79% for Amex & international cards.
In order to keep our fees low, we’ll only trigger an instant payout once your balance is £50 or above – so if every payment you take is £25, you’ll get a payout every other transaction. You can still get an instant payout if your balance is below this threshold, we’ll just round up the fees to the equivalent of a £50 payout. (In most cases this will be a few extra pence.)
