Review your Instant Payouts deposits
About Instant Payouts
Instant Payouts provide immediate access to your earnings from orders fulfilled with delivery partners. Once an order is placed, Square will deposit your estimated net earnings into your Square Checking account balance. Because your payout rate is estimated based on your historical payouts and orders, your rate may not be consistent for every order. Instant Payouts is not a credit offering. In cases where you are paid more or less than you receive from your delivery partner, your next deposit will be used to cover any differences.
A customer places a $20 order through DoorDash. With Instant Payouts, you get real-time access to the estimated net earnings from the order. For this example, you receive $10 instantly into your Square Checking account.
At the end of the week, DoorDash processes and deposits your scheduled payout with your net earnings less your fees and taxes:
delivery commission rate of 30% ($6)
sales tax of 2% ($0.40)
promotional marketing fee of 8% ($1.60)
After these deductions, your net earnings from the $20 order is $12.
The remaining net earnings from the order, which is $2 ($12 net earnings minus the $10 already paid out), is deposited into your Square Checking account. This ensures that you receive the full payment of your net earnings with adjustments made for any estimation differences.
Review your deposits
You can view your order or deposit history via your Square Dashboard.
Navigate to Balance.
Click on the order or deposit you want to view.
If you received more through Instant Payouts than the Original amount listed on the deposit from your delivery partner, you’ll see an Overfunded section on your deposit. This amount is the Instant Payout balance that will be taken from your next delivery partner deposit and your payout rate may be adjusted.
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Funds provided through Instant Payouts services are generally available in the Square checking account balance immediately after an order is processed. Fund availability times may vary due to technical issues.
Square Checking is provided by Sutton Bank, Member FDIC. Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard. Square Debit Card may be used wherever Mastercard is accepted. Accounts are FDIC-insured up to $250,000.