Businesses no longer have to wait a month to get their money. Allpay is launching a weekly payout module that allows you to receive transfers to your bank account every Monday.
How it works
Once a customer makes a payment, it is processed within 3—7 business days.
Once processed, the funds are transferred to the payout balance and are then automatically transferred to the bank account on Mondays.
If necessary, you can request a payout manually without waiting for Monday.
Connection conditions
The module is activated in Settings → Payment modules.
After the activation request, we will send the documents for signature, and the module will be connected within 5-7 business days.
This feature is available to users who:
- have been using Allpay for at least three months;
- have achieved a total turnover of 15,000 ₪.
These criteria make it possible to assess business activity and reduce chargeback risks — when the cardholder disputes a payment after the funds have already been paid to the seller.
Commission
Since weekly payments use a lending mechanism, the credit institution charges an additional fee on each payment.
The commission rates are available on the Pricing page.
Why this is important
So far, businesses have had to wait up to a month and a half to get their money.
Allpay now allows companies to receive payments much faster, while maintaining transparent calculations and accurate accounting reports.
The weekly payments module has been tested by a pilot group of ten companies and is now available to all users who meet the connection requirements.
Learn more
Learn more on how the module works in Weekly payouts article.
