What is Daily Cash Out?

The Daily Cash Out feature allows partners on the platform to access their earnings quickly and efficiently. It’s designed to support your cash flow needs, giving you flexibility and control over your finances. Below are the details on how this feature works and how you can make the most of it:

1. What is Daily Cash Out?

• Definition: Daily Cash Out enables partners to withdraw their earnings daily rather than waiting for the standard payout cycle.
• Who Can Use It? Partners with verified accounts and a history of reliable transactions are eligible for this feature. 

2. How to Access Daily Cash Out

• Step 1: Log in to your MySquard partner account.
• Step 2: Go to settings page
• Step 3: Click on “Payments”
• Step 4: You will redirect on the “Payment redemption” page
• Step 5: Down side you can view “Daily Cash-out” option, you can click “on” or “off” as per your requirements.
• Step 6: Once you click on, you have to select card, where you want payment to be credited.

 3. Benefits of Daily Cash Out

• Receive payments quickly to manage your daily expenses or reinvest in your services.
• Withdraw only the amount you need, leaving the rest for future payouts.
• Avoid cash flow constraints by maintaining regular access to your earnings.

4.Transaction Fees once select “On”

• A cash-out fee1.5% will be applied daily. The fee only applies to days with earnings.
• Your earnings will be sent automatically every midnight. it may take upto 3 business days to appear in your account, depending on your bank.
• You must select a card as the default payment methods to enable Daily Cash-out.

5. Transaction Fees once select “Off

• Once you turn off the “Daily cash-out” you won’t be able to get instant payout and you will get your payment in the bank account which you have added for the default payment method.

6. Tips for Using Daily Cash Out Effectively

•   Track Your Earnings: Use the platform’s earnings dashboard to monitor your daily income and manage withdrawals efficiently.
•   Plan Ahead: While daily cash-outs are convenient, consider saving a portion of your earnings for future investments or unexpected expenses.
•   Verify Your Payment Details: Ensure your payment information is up to date to avoid delays in processing.
•   Eligibility and Activation

7. Eligibility Criteria: 

• A verified partner profile.
• Consistent transaction history with no disputes.
• Active Partner.

8. Support for Cash-Out Issues

If you experience any issues with your Daily Cash Out:

•  Check Notifications: Ensure there are no platform-related delays.
•  Contact Support: Reach out to the Partner Support team via chat or email for assistance.
•  Review Limits: Confirm you’ve met the withdrawal minimum and are within the daily limit.
•  Daily Cash Out is an excellent tool for partners who need fast, flexible access to their earnings. By using this feature responsibly, you can enhance your financial management and focus on growing your business.

Need help? Reach out to MySquard support team via chat or call through the mobile app.