There are several convenient ways to receive payouts through Velocity Global Contractor Management.

You can receive payouts to a US-based bank account via bank transfer (ACH) or through Instant Payout. You can connect your account securely through Plaid, or by manually entering your routing and account number.

You can receive payments in over 37 currencies and 180+ countries. Make sure to visit our guide to Currency Conversion Fees as well as our guide to international payments for important information.

You can also receive Instant Payouts by connecting a debit card. Most debit cards issued by U.S. banks are compatible. You can request instant payouts anytime, including weekends and holidays.

Wingspan Wallet is a business banking account you can use to receive payouts and deposit funds for business expenses. You can also make purchases with a virtual or physical debit card tied to the account.

We support two types of payout speeds: standard and instant.
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Standard payouts are processed over the bank transfer (ACH) network. Usually, these payouts take 1-3 business days.

International payouts typically take 3-5 business days.

Instant payouts are sent to an eligible bank account or debit card and arrive within one business day (typically in under an hour). Instant payouts cost 3% of the gross income on the related invoice, with a minimum fee of $0.50.

With Velocity Global Contractor Management, you can split payments with other contractors, automatically withhold some of your income for taxes, and set aside money for business expenses:

When you receive a payment from a client, if you've created a split payment with another contractor, the payments to your subcontractors will be deducted from the invoice and paid to your contractors. If your client paid with a card, a standard 2.9% processing fee will be deducted. The resulting amount is your Gross Income.

If you are using our Tax Withholdings feature, we set aside a portion of your remaining Gross Income.

The remaining Net Income will be deposited to your connected payout method. If you've enabled your Wingspan Wallet, you can choose to have a portion of the deposit sent there to use for business or personal expenses.