Optimize payout days

Set specific payout days in order to be paid out as soon as possible.

Stephanie Blitshtein avatar
Written by Stephanie Blitshtein
Updated over a week ago

Playground allows you to select two days per week to be paid out the balances collected from guardians into your bank account.

If you bill on a weekly cadence, you can optimize how quickly you get paid out by selecting the correct payout days. First, decide on the date that payments will be due each week. After you have your due date, select payout dates one and four business days after the due date. For example, if my weekly charges are due on Mondays, I will set my payout dates to be Tuesdays and Fridays. The payout one business day after due date (Tuesday) allows for all credit card payments to be paid out since those take about 24 hours to process. The 4 business days after due date (Friday) allows for all ACH payments to be paid out since those take about 3-4 business days to process.

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