While Payments allow you to start collecting money for your services, you need to set up Payouts in order to withdraw money to your bank account. The process is simple, all you have to do is enter the following information for verification:
- Routing Number of a U.S. Bank
- Account Number of a U.S. Bank account
- Account Holder name (must match the bank account)
- Account type: individual or business account
Our Payment Processor Stripe holds the payment, and releases it to your account within 3 business days after the completion of the class. You can request payout for that class anytime after the 3 day period. This time window also ensures that Moxie is able to process any applicable credits or refunds.
Moxie charges a $0.25 withdrawal fee each time you request a Payout; this covers a small portion of the fees Stripe charges us for enabling Payouts.
The minimum Payout amount is $50 USD.
Please note that the exact amount of your Payout received into your bank account could vary by a few cents due to charges by your bank that we are unable to control.
Where is My Payout?
Payouts may take 2 to 4 business days to reach your bank account.