Payment Types

This page describes the various payment types available for Partner Payouts and how to use them.

ACH

ACH (Automated Clearing House) is a payment system that facilitates electronic fund transfers between bank accounts in the United States. It's a convenient and cost-effective payment option for individuals and businesses that need to make electronic payments.

Some international banks and payment processors may offer services allowing cross-border ACH payments, which is a convenient and cost-effective way to transfer funds between US and non-US bank accounts. These services typically involve converting the payment into a different currency and may be subject to additional fees and processing times.

Setting Up ACH as a Payment Type

Follow these steps to set up ACH for Partner Payouts:

Select ACH as the Payment Type.
Enter the Bank Name (required).
Enter the name of the Beneficiary (required).

The beneficiary is the individual or entity that will receive the funds. The beneficiary can be a person, a business, a government agency, or any other entity authorized to accept electronic payments through the ACH system.
Note the currency is set for USD.
Select the Region (required).
Select the Bank Country (required).
Enter the Account Number for the bank (required).
Enter the Routing Code (required).
Select the Account Type (Checking or Savings).

Segcard

Segcard is a global payment solution for anyone looking to get paid instantly for their work anywhere in the world. It's faster and easier than using cash or credit cards to send and receive payments internationally.

Setting up Segcard as a Payment Type

Follow these steps to set up Segcard for Partner Payouts:

Select Segcard as the Payment Type.
Select a Currency.
Select a Region (required).
Enter the recipient's Segcard E-mail address using the following format:
Last 4 digits of the Segcard number + & + Email Address registered with Segcard

Paxum

Paxum is a global online payment service provider that allows individuals and businesses to send and receive payments in multiple currencies.

Setting up Paxum as a Payment Type

Follow these steps to set up Paxum for Partner Payouts:

Select Paxum as the Payment Type.
Note the currency is set for USD.
Select the Region (required).
Enter the Paxum E-Mail address (required).

Wire

A wire payment is an electronic payment commonly used for international transactions, although it can also be used for domestic transactions. They are beneficial for transactions requiring immediate payment or sending funds to other countries. A wire payment transfers funds from one bank account to another, usually within one business day. Depending on the bank and the amount being transferred, there may be fees associated with wire payments, which can vary depending on the sending and receiving banks.

Setting up Wire as a Payment Type

Follow these steps to set up a Wire for Partner Payouts:

Select Wire as the Payment Type.
Enter the Bank Name (required).
Enter the name of the Beneficiary (required).

The beneficiary is the individual or entity that will receive the funds. The beneficiary can be a person, a business, a government agency, or any other entity authorized to accept electronic payments through the ACH system.
Note that the currency is set for USD.
Select the Region (required).
Select the Bank Country (required).
Enter the bank Account Number (required).
Enter the SWIFT Code (required).

It's important to ensure that you have the correct SWIFT code for the bank, as errors in the SWIFT code can result in delays or even loss of funds.