How do payouts work?

Account Owner Payouts

As an Account Owner on CircledIn, you are responsible for paying the entire bill for your Circle to your respective carrier. However, CircledIn offers a payout system to Account Owners to help facilitate the payment process.

Here's how the payout process works:

1. Payout Method: CircledIn initiates payouts to Account Owners through direct deposit to their designated bank accounts. This ensures a secure and convenient transfer of funds.

2. Payout Timing: Typically, the payout will arrive within 2-3 business days, excluding federal holidays. The exact timing may vary depending on your bank's processing times.

3. Alignment with Auto-Pay Date: In general, CircledIn aims to ensure that the payout arrives prior to your Circle's auto-pay date. This allows you to have the necessary funds available to cover the bill payment to your carrier.

First Payout:

If your Circle's first member joins in the middle of a billing cycle, your first payout will be scheduled for the following month. This is because there may be prorated charges for the time when the first member joined, and these charges will be reflected on the next billing cycle rather than the current one.

CircledIn strives to make the payout process as efficient and timely as possible, ensuring that Account Owners have the necessary funds to cover their Circle's bill. If you have any specific questions or concerns regarding the payout process or its timing, please reach out to our support team. We are here to assist you and provide any necessary clarification.