How do I initiate a payout from my Fairly Wallet?
Initiating a payout from your Fairly Wallet
When a clinic pays you with Fairly Payments, you'll receive the amount to your Fairly Wallet. Once you've received funds into your Fairly Wallet, you can initiate a payout. You can receive your funds in one of two ways: a Regular Payout or an Instant Payout.
You can view the status of your payouts from the Payments section of the app.
Initiating a Payout
To initiate a payout:
- Click "Payments" at the bottom of the screen
- Click "Initiate Payout" at the top right of the screen
- You can only click "Initiate Payout" when you have funds in your Fairly Wallet
- There are two kinds of payouts:
- Regular Payout
- Instant Payout
Regular Payout
- Regular Payouts take 1 to 3 business days for the funds to transfer and clear into your bank account. The timing depends on the speed of your bank
- There is no cost for a Regular Payout
Instant Payout
- Instant Payouts transfer funds immediately from your Fairly Wallet to your bank account, bypassing the 1 to 3 business day wait associated with a Regular Payout
- Instant Payouts require a compatible debit card—click here to check if your bank supports Instant Payouts (select Canada from the dropdown)
- A 1.5% transaction fee will be applied to the payout amount
In order to initiate a payout, you need to set up Fairly Payments.