How long does it take to receive a payout?
Last updated on June 12, 2024
Vibrant offers two payout options to get your transaction funds into your bank account: Daily Payouts and Weekly Payouts. Here's a breakdown of how they work:
Daily Payouts:
You'll receive a daily payout if your balance (the amount left after fees) reaches 500 DKK (Danish Kroner) by the end of the business day.
Timing: The payout will be initiated on a T+3 basis, meaning you'll receive the funds in your bank account 3 business days after the day the threshold is met.
Weekends and Holidays: No payouts occur over weekends or on bank holidays.
Example:
If you have at least 500 DKK in balance (after all the fees have been deducted) by the end of Tuesday (business day), the payout will be deposited into your account on Friday (T+3).
Weekly Payouts:
Frequency: Every Monday, Vibrant collects your total transactions from the previous week (including the current Monday's transactions) and sends the payout on the following Thursday (T+3). This is assuming the accumulated transaction amount is 500 DKK or more.
Timing: Similar to daily payouts, this follows a T+3 basis.
Weekends and Holidays: No payouts occur over weekends or on bank holidays.
Availability:
Vibrant Online (e-commerce) transactions are typically only set to weekly payouts by default. However, you can discuss this with Vibrant during the initial calls to explore the possibility of daily payouts.
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Payouts are initiated only after the accumulated transaction amount is 500 DKK or more. Payouts only occur on business days and are not processed over weekends or bank holidays.
