Joist Payments is now powered by PayPal.
If you’re still using Joist Payments with WePay, make the switch now to avoid any interruptions to your business.
Make the switch
The deadline to make the switch is February 28th, 2021. But don’t wait, make the switch now and keep your payments flowing smoothly.
Joist Payments with PayPal is everything you loved about the old Joist Payments, plus powerful new features like Instant Payouts and Buy Now, Pay Later (which gets you paid now while your client takes their time paying the money back to PayPal). For more details check out our handy guide here: https://payments.joist.com/paypal2
I’m ready, let’s make the switch
Reserve limits are a payment processor's way of protecting you from chargebacks.
When you first start using Joist Payments, your reserve limit is set to $10k a week. You can still process payments over $10k in a given week, but payments that exceed the reserve limit would be held in full for 7 days on top of the normal processing time for the payment.
This reserve holding period is to allow time for any potential chargebacks to occur. If no chargeback takes place, the funds are released to you in full.
We automatically raise this limit for you over time, but this process can take several months.
To fast track this process, check out How do I raise my reserve limit?