From venues to vendors, speakers to sponsored social posts, putting on an event is far from cheap — and most of the costs are due upfront.
In fact, in a recent survey of Eventbrite organizers, 72% told us they pay for expenses ahead of their events going ahead, which creates cash flow issues — and can lead to a lot of stress as outgoings leave your account faster than income arrives.
That’s why we’ve launched Eventbrite Instant Payouts. This handy dashboard feature uses Stripe integration to allow you to withdraw funds from ticket sales before the event takes place.
And we don’t mean in a “few business days.” Withdrawals will be deposited into your bank account within minutes, so you can pay anyone you need to on the spot and manage all those upfront costs with the click of a button.
Why should I use Instant Payouts?
Instant Payouts is all about flexibility. It’s designed to give you, the organizer, better control over how your event finances are being used. You decide when and how much to pay into your account. You choose what your capital will be used for (paying vendors, covering marketing costs, etc.). You can even select the specific event you’ll be withdrawing funds from.
Not only will organizers benefit from having the money to pay upfront costs, but it really can simplify the administrative and financial side of running your business. By saving time on balancing the books, you can dedicate your time to what matters most to you — whether that’s engaging with your community or planning your next event.
How to use Instant Payouts
When it comes to integrating Instant Payouts into your accounting, it couldn’t be simpler.
Eligible organizers will be able to make Instant Payout withdrawals by finding the “Get paid instantly” button next to their event balance on their Event Dashboards. Don’t see the option? You can still set-up early payouts with Scheduled Payouts.
Get paid in three easy steps:
- Enter the amount you want to withdraw
- Review and confirm the payout amount
- Your payout will arrive in your bank account in minutes
You’ll notice your total payout figure is the cash you’re planning to withdraw, minus a 3% fee, based on the payout amount requested. The minimum fee is $2.99 and the maximum fee is $40.
This feature is not available to use after an event has ended.
Am I eligible for Instant Payouts?
Instant Payouts is initially launching for event organizers hosting paid events in the US. Check your event Dashboard to see if you’re eligible.
Eligible creators will be signed up to Eventbrite Payment Processing, onboarded onto Stripe, and collect US dollars into a US bank account. That bank account must have an available balance, have been on the system for over 72 hours, and received at least one successful payout to meet eligibility requirements.
Instant Payouts vs. Scheduled Payouts
Instant Payouts is our newest payout feature (and the one that puts you in control of how quickly you get your money) — but it isn’t our only one.
If you’re looking for something that lets you withdraw payouts ahead, on a recurring schedule, check out our Scheduled Payouts feature. It allows for early payouts across your events to show up in your account weekly on Wednesdays or twice a month, and takes a few working days for the money to clear. Scheduled Payouts are available to organizers hosting paid events around the globe at no added cost.
