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How do payouts work?
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How do payouts work?

We make payouts to your bank account anywhere in the world Monday to Friday, with funds typically being paid out two (2) business days after the date of the charge.

Your First Payout

When you first sign up, payouts typically take a little longer in order for us to be able get visibility on your activity, so for the first couple of weeks, it may take up to 5 business days for a charge to mature, and during this period payouts take place twice a week (on Mondays and Thursdays). For example:

Day of charge Eligible for payoutPaid out
MondayFollowing MondayThursday
TuesdayFollowing TuesdayThursday
WednesdayFollowing WednesdayThursday
ThursdayFollowing ThursdayMonday
FridayFollowing FridayMonday
SaturdayFollowing SaturdayMonday
SundayFollowing SundayMonday

Your first two payouts may take up to fourteen calendar days each to become eligible for payout, whilst we complete verification checks on your business.

Minimum Payout

We need to apply a minimum payout threshold to ensure that payouts aren't cannibalised by bank fees. Payout thresholds vary by currency and currently are:

CurrencyPayout Threshold
USDUSD 100.00
AEDAED 200.00
EUREUR 100.00
GBPGBP 100.00

Public holidays may affect the timing of your payout. Please refer to Do public holidays affect my payouts? for more information.

We are currently able to make payouts in USD, AED, EUR and GBP. If you're not based in the UAE, Eurozone or the UK, you will currently be paid in USD. If you do not have a bank account in USD, don't worry! Most banks are able to receive funds in USD and will automatically convert to your local currency. Please get in touch with your bank to see if they're able to do this and if any fees may apply.

We provide you with a selection of payout methods depending on your business location and payout currency. Simply choose your preferred method by going to Settings > Payout Method in your Nomod app.

Some payout methods are quicker than others (wires are typically faster than ACH, for example), but your bank may charge you a fee for receiving funds via this method. We currently cover all outbound transfer fees. We recommend you checking with your bank directly if they apply any fees to receive transfers to your account using your chosen payout method.

We’re working hard to add more settlement currencies and improve the speed of payouts!

If you've connected your Stripe account to Nomod using the Connect feature, any charges processed through your Stripe account will continue to be paid out by Stripe according to your existing Stripe payout schedule, and will not follow the Nomod schedule.

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