FAQ: What are my payout options?

FAQ: What are my payout options?

Overview


Communities that sell guest passes, collect membership dues, or utilize the marketplace receive payouts from Access Granted Systems rather than invoices.  Once the IRS required Tax Form has been completed, the account's payout option can be configured, changed, or edited. CLICK HERE to learn how to change the payout option.   

What are the payout options?  

1.  Monthly via a mailed check.
2.  Monthly via a bank transfer secured by Stripe.  
3.  Daily via a bank transfer secured by Stripe. 
4.  Off (turned off)   

1.  Monthly via a mailed check

By default, accounts are setup to send payouts via a mailed check each month.  Accounts are reconciled monthly.  Please expect the check 4 to 14 days after the 1st of the month.   

2.  Monthly via a bank transfer secured by Stripe

Accounts are reconciled monthly and a payout transaction occurs on the 3rd of the month. Transfers to your bank occur after Stripe's holding period. You will typically receive your payout on the 6th of the month. 

3.  Daily via a bank transfer secured by Stripe

Accounts are reconciled daily.  Transfers are initiated after Stripe's holding period (~3 days).  Transfers are issued daily for accounts with a credit.   

4.  Off (turned off)

Payouts are turned off until the IRS Tax Form is complete. 
  1. Communities that do not collect fees may keep payouts off. 
  2. Pass printing communities that elect to "closely match" AGS printing and mailing fees may want to keep payouts off.  This will prevent a small payout from occurring one month and a small invoice from occurring the next month.  CLICK HERE to learn more.        

The timing of Stripe Monthly Payouts vs. Stripe Daily Payouts
When you select a payout method, it doesn’t change how long it takes your balance to become available. However, it allows you to control how often your payouts occur. AGS and Stripe pay out funds from transactions captured 3 business days earlier. 
For example, if your account operates on a daily payout schedule, it is not an instant payout.  The daily payout is from the transactions captured 3 days earlier.     
Weekends, holidays, and your accepting bank may vary the day the funds become available.  Accepting banks may stack multiple daily transfers if transfers occur over a weekend or holiday. 

How often are statements generated?  

Transactions, patron sales, and AGS fees are tallied monthly.  A statement is posted to your account overnight on the 1st of the month.  This includes daily payouts.  

How do I switch payout options?

Please CLICK HERE to read how to switch payout options.