Introduction
Once your funds have passed the initial 2-day pending period and are marked as "Available," they are ready to be sent to your bank account. By default, Woosa Payments groups these available funds into a weekly settlement to simplify your bookkeeping, but you can customize this frequency to suit your cash flow needs.
Standard Payout Schedule
Our default configuration is designed for stability and clear administration:
Day: Every Monday morning.
Time: 07:00 (Local Time).
Cost: Included in your standard service (no extra fee).
Please Note: While Woosa initiates the payout at 07:00 AM, the actual time it takes for the money to appear in your account depends on your bank's processing speed. Most European banks will show the funds within the same business day, while some may take 1-2 days to fully process the transfer.
Increasing Payout Frequency
If your business requires more frequent access to capital, you can adjust your settings to receive payouts multiple times per week or even daily.
Flexibility: You can choose to have payouts triggered on additional specific days of the week.
Fees: To cover the additional administrative and banking costs, a fee of €0.25 is charged for every extra payout beyond the standard weekly schedule.
How to change your Payout Settings
If our standard payout schedule doesn’t quite align with your needs, we are happy to adjust it for you. Simply reach out to our team at [email protected], and we can increase your payout frequency to better suit your preferred schedule.
Why choose a Weekly Payout?
While daily payouts provide faster access to cash, many of our merchants stick to the Monday 07:00 schedule because:
It is completely free of charge.
It makes reconciliation easier by matching one weekly settlement report to one bank statement entry.
It provides a clear overview of the previous week's total performance.