diff --git a/CHANGELOG.md b/CHANGELOG.md
index dc8207b892..1ba036b27c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Changelog
 
+## 28.7.0 - 2017-12-05
+* [#494](https://github.com/stripe/stripe-go/pull/494) Add `Automatic` to `Payout` struct
+
 ## 28.6.1 - 2017-11-02
 * [#492](https://github.com/stripe/stripe-go/pull/492) Correct name of user agent header used to send Go version to Stripe's API
 
diff --git a/VERSION b/VERSION
index d00fdf14c0..51c80d063d 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-28.6.1
+28.7.0
diff --git a/stripe.go b/stripe.go
index 308d9d9c9f..8ce75b4f56 100644
--- a/stripe.go
+++ b/stripe.go
@@ -29,7 +29,7 @@ const (
 const apiversion = "2017-05-25"
 
 // clientversion is the binding version
-const clientversion = "28.6.1"
+const clientversion = "28.7.0"
 
 // defaultHTTPTimeout is the default timeout on the http.Client used by the library.
 // This is chosen to be consistent with the other Stripe language libraries and