Flexible Deposit Schedules: Get Paid Your Way
As a barber, managing your cash flow is critical. Whether you’re covering weekly expenses, saving for something big, or simply trying to smooth out your income, having control over when and how you get paid is key.
That’s why we’re excited to introduce our latest feature: Deposit Schedules.
With Deposit Schedules, you now have the freedom to set up personalized payout schedules that fit your lifestyle. Whether you prefer daily, weekly, or monthly payments, this new option gives you more flexibility in how you manage your money. Let’s dive into how this can make your life easier.
Take Control of Your Earnings
We’ve seen a significant shift in how barbers process payments. In fact, nearly half of the barbers using theCut are already offering digital payment options to their clients. As clients increasingly prefer digital transactions—63% to be exact—we’re committed to making sure barbers can also benefit from more modern, streamlined payment experiences.
Traditionally, barbers using theCut could choose between two ways to receive their payouts: standard payouts or Instant Deposits. Both options have been valuable, but we knew there was room for improvement. Enter Deposit Schedules, the newest addition to your payment options.
Deposit Schedules give you control over when and how often you receive your earnings. You can now set automatic payouts to occur daily, weekly, or monthly—whatever works best for you. No more relying on manual deposits or having to trigger Instant Deposits. It’s easy to set up and just as easy to modify when your needs change.
- Prefer getting paid at the end of each workday? Set up daily deposits!
- Need to plan your income around upcoming expenses? Choose a weekly or monthly schedule!
Once you’ve set it, you can forget it—allowing you to focus more on your craft and less on managing payouts.
By setting up an automatic payout schedule, you can avoid the fees associated with Instant Deposits, allowing you to save more money over time.
Deposit Schedules offer peace of mind by allowing you to receive payments exactly when you’ve scheduled them, making it easier to track and manage your income. With more control over your cash flow, you can efficiently budget for both personal and professional expenses. Whether it's covering business costs like supplies and rent or setting aside money for personal goals, Deposit Schedules help you stay organized and plan ahead with confidence
And remember—if you ever need your earnings right away, Instant Deposits are always available for those moments when quick access to cash is a must.
TL;DR
Where can I find Deposit Schedules?
Head to your settings tab and tap on the Payments center. Then tap on Deposit Schedule.
How do I setup a Deposit Schedule?
Once in the Deposit Schedule settings. You'll be given the choice of scheduling Automatic Daily, Weekly, or Monthly deposits. You can even select the day of the week to receive your deposit. And with a monthly deposit, you can determine if you want your funds on the 1st, 15th or last day of the month. Barbers will still have the option to set up manual deposits to trigger payouts whenever you'd like.
What if I need an emergency Instant Deposit?
When if you set up Automatic payouts, you can always initiate an Instant Deposit if you need your funds right away.
Head to the app to make to setup your schedule today. 💸
For more information on how to add a new deposit method, click to learn more.
