Payout FAQs

How much does it cost to sign up? What fees will I pay?

There are no upfront sign up or setup fees to join BlueSnap! We do charge a small sales commission on your BlueSnap-generated sales. These fees are deducted and shown in detail with your payout. To learn more, contact BlueSnap Sales.

When do I receive my payout?

Your payout will depend on the commercial terms of your agreement with BlueSnap. However, the default payout frequency is Daily +2 business days.

On which days can my payout be issued?

Payout dates are based on business days. If the business day falls on a bank holiday, then the payout will be made the following business day. The bank holiday schedule for 2020 and 2021 is as follows:

2020 Bank Holidays

  • Wednesday, January 1st
  • Monday, January 20th
  • Monday, February 17th
  • Monday, May 25th
  • Monday, September 7th
  • Monday, October 12th
  • Thursday, November 26th
  • Friday, December 25th

2021 Bank Holidays

  • Friday, January 1st
  • Monday, January 18th
  • Monday, February 15th
  • Monday, May 31th
  • Monday, July 5th
  • Monday, September 6th
  • Monday, October 11th
  • Thursday, November 25th
  • Friday, December 24th

What payout methods are available to me?

You can receive your payout by wire transfer, ACH (direct deposit), SEPA Credit Transfer, or CHAPS. Refer to Payout for more information.

Can BlueSnap convert my payout from USD to another currency, or do I have to convert it at the bank?

In many cases, if you are being paid outside the United States, you may have funds delivered:

  • In your local currency (by wire transfer, for instance). If you select this option, we convert your currency based on our current rate and deposit your funds.
  • By check in USD. If you select this option, you simply bring your check to your local bank and have them run the conversion and apply the funds to your account.

What are my payout currency options?

BlueSnap currently offers 16 payout currencies. For more details, refer to the Payout Currency column in our Supported Currencies table.

Are there more payout options?

Check out our Payout Methods, where we keep updating our advanced solutions for payouts, including receiving direct deposits internationally and even managing your own employee payouts.

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Updated 11 months ago

Payout FAQs

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