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Service to pay affiliates via bank wire or ACH?

by dsiomtw
11 replies
I'm looking to pay affiliates via bank wire or ACH, in addition to PayPal which we offer now. Does anyone know which service(s) most of the affiliate networks, etc. use for this type of thing? Thanks!
#ach #affiliates #bank #pay #service #wire
  • Profile picture of the author theinternethustle
    I don't have any knowledge on this topic, but I am assuming the affiliate programs may just do the bank wire with the bank that the company has all its money in.

    I did try and do a google search, but couldn't find out anything specific.
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  • Profile picture of the author dsiomtw
    Banks don't make it easy, and there's no way to automate it if you just go through your regular bank (that I'm aware of). I know there are automated check processing and wire/ACH services though, but like you said for some reason they're hard to find on Google lol

    After thinking about it some more I think we might just offer Dwolla as a PayPal alternative. It's getting pretty popular, and it's just like PayPal but better. From there users can transfer money to their bank account just as if we'd sent them an ACH transfer, and overall people probably trust giving their bank account info to a big company like Dwolla vs. having to give all that info to us.
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  • Profile picture of the author dsiomtw
    Anyone else? I figure there has to be someone else out there doing this no??
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  • Profile picture of the author KirkMcD
    You setup ACH and wire transfers with your bank.
    Ask them.

    For example: https://www.chase.com/business-banki...g/ach-payments
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  • Profile picture of the author dsiomtw
    I'm looking for something like PayPal's MassPay that can be fully automated. I don't think you can do that with your regular bank. At least not from what I can tell ...
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  • Profile picture of the author gabibeowulf
    Why don't you use a network like Clickbank or Avangate, etc... It will give the affiliates more payment options.
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  • Profile picture of the author Dan Grossman
    You can ACH any bank account any amount for $0.25 per transfer with Balanced.

    https://www.balancedpayments.com/payouts

    Their API is dead-simple. Here's an example. One command transfers $100 to the specified bank account number from your balance. That's all there is to it.

    Code:
        curl https://api.balancedpayments.com/v1/credits 
        -d amount=10000 
        -d description="Math lesson" 
        -d bank_account[name]="Johann Bernoulli" 
        -d bank_account[account_number]=9900000001 
        -d bank_account[routing_number]=121000358 
        -d bank_account[type]=checking 
        -u 7b7a51ccb10c11e19c0a026ba7e239a9:
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    • Profile picture of the author dsiomtw
      Awesome, thanks for the info Dan. I also just discovered that we can do this same type of thing with Stripe, which we're already using to ACCEPT payments. Either one sounds like a no-brainer.


      Originally Posted by Dan Grossman View Post

      You can ACH any bank account any amount for $0.25 per transfer with Balanced.

      https://www.balancedpayments.com/payouts

      Their API is dead-simple. Here's an example. One command transfers $100 to the specified bank account number from your balance. That's all there is to it.

      Code:
          curl https://api.balancedpayments.com/v1/credits 
        -d amount=10000 
        -d description="Math lesson" 
        -d bank_account[name]="Johann Bernoulli" 
        -d bank_account[account_number]=9900000001 
        -d bank_account[routing_number]=121000358 
        -d bank_account[type]=checking 
        -u 7b7a51ccb10c11e19c0a026ba7e239a9:
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  • Profile picture of the author online only
    I know I'm going slightly offtopic, but why don't you just offer wire transfer for super affiliates and then send them out manually?

    I've been involved with many affiliate programs/services and they all send our wire transfer to ONLY super affiliates.

    So if the affiliate makes more than $10k in sales - wire
    Less than $10k - check or PayPal

    I think wire transfers also require some sort of fee, so you are better to give that privilege to only affiliates who bring in the vast majority of sales & revenue.

    Just a thought. I don't see any point sending out wire transfer to every affiliate.
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    • Profile picture of the author dsiomtw
      The primary reason is that this is going to be a private program and every single "affiliate" is a VIP, so we want to offer all of them this option. It's not a standard affiliate program open to the public.

      Originally Posted by online only View Post

      I know I'm going slightly offtopic, but why don't you just offer wire transfer for super affiliates and then send them out manually?

      I've been involved with many affiliate programs/services and they all send our wire transfer to ONLY super affiliates.

      So if the affiliate makes more than $10k in sales - wire
      Less than $10k - check or PayPal

      I think wire transfers also require some sort of fee, so you are better to give that privilege to only affiliates who bring in the vast majority of sales & revenue.

      Just a thought. I don't see any point sending out wire transfer to every affiliate.
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  • Profile picture of the author XponentSYS
    You could try talking to your bank.

    We do that with our bank in conjunction with a service from Intuit.

    The services are out there but you need to start with your bank to find out which ones they support.

    My scenerio is this......

    I have the option for affiliates to be paid instantly through PayPal, paper check and ACH.

    For paper checks and ACH, we process affiliate payments every Friday for the week prior. For those who get paper checks, they're all printed and mailed. At that same time, the ACH affiliate payments are processed and sent to MY BANK where a transfer is initiated between my account and that of the affiliate.

    This all takes place between my QuickBooks (Intuit) and the bank at which my business accounts are held.

    To set it up, Intuit dealt directly with my personal banker. I walked in, told him to do what was needed to get it done and he did. That's all it took..... that and a $100 gift card to Olive Garden as a "tip" lol
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