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Complete your Payment Verification Process

When you enter or update your bank details on impact.com as a partner, the platform undergoes a verification process. This process ensures seamless future payments to you by confirming your identity and serving as a failsafe for any potential errors in your bank details update.

Step 1: Update bank account details

Follow these instructions to ensure successful updates to your bank details in the impact.com platform:

  1. From the left navigation bar, select ellipsis-v-solid.svg [Menu] → Settings.

  2. Under the Finance section, select Bank Account.

  3. Next to Payment Method, select dot-circle-regular.svg [Button] Electronic Funds Transfer.

  4. Enter your bank account information in the empty fields.

    • To learn more about each field, see the Field reference below.

    • To ensure you're entering your banking information correctly, see the Validation rules reference below.

  5. Select Save.

    Screenshot_2024-02-14_at_2_01_52_PM.png
Field reference

Field

Description

Bank Location Country

Select your bank account's base country from the drop-down menu.

Payment Method

A processing fee will occur whenever your balance is withdrawn and is displayed on the screen. An EFT transfer with no processing fee can occur for some countries.

Beneficiary Account Name

Enter the bank account holder's name for the account to which you are transferring your money. This must exactly match what your financial institution has listed.

Bank Account Number / International Bank Account Number (IBAN)

Depending on your country, enter the required bank account number or IBAN number.

Bank Account Type

For partners with bank accounts that request it, use the drop-down menu to select what type of bank account will receive the funds: Checking or Savings.

Swift Code

[Non-US]

For partners with bank accounts located outside the United States, enter your financial institution's SWIFT code. Refer to your institution for help retrieving this number.

ABA Routing Number

[US Only]

For partners with US-based bank accounts, enter your bank's routing number. Refer to your bank for help retrieving this number.

Routing Number

[CAN Only]

For partners with Canada-based bank accounts, enter your bank's routing number. For more information, refer to Canadian Routing Numbers Explained for Partners.

Validation rules reference

Field

Validation

PayPal email

  • Must be a valid email address

Beneficiary Account Name

  • Must be alphanumeric

  • May not be entirely numeric

  • Following punctuation symbols are allowed:

    • Dash / Hyphen: -

    • Brackets: ( )

    • Period: .

    • Comma: ,

    • Apostrophe: '

  • China and Japan to be able to enter their respective language characters

  • Russian Cyrillic alphabet is not permitted

  • Currency symbols are not permitted

Bank Account Number

  • Must be numeric

  • For some countries, there are length rules, see the Bank Account Number Length Rules Reference below for more information

Bank Account Number Length Rules Reference

Country

Must be numeric

Rules

Other

Yes

No other rules

USA

Yes

Length must be >= 3 and <= 17 digits. (this is from the length of the field in SVB Ach)

United Kingdom

Yes

Length = 8

Mexico

Yes

Length = 18

Poland

Yes

Length <= 26

Australia

Yes

Length <= 9

Faroe Islands

Yes

Length <= 10

Denmark

Yes

Length <= 10

Norway

Yes

Length <= 11

Hungary

Yes

Length <= 16

Sweden

Yes

Length <= 12

Czech Republic

Yes

Length <= 16

Hong Kong

Yes

Length <= 14

Singapore

Yes

Length <= 14

New Zealand

Yes

Length <= 16

South Africa

Yes

Length <= 11

Greenland

Yes

Length <= 10

Morocco

Yes

Length <= 24

Canada

Yes

Length <= 12

Routing Number

  • If a USA or UK bank, this field must be numeric

  • If a Canadian bank, see Canadian Routing Numbers Explained for Partners

  • For some countries, there are length rules, see the Routing Number length Rules Reference below for more information

Routing Number Length Rules Reference

Country

Must be numeric

Rules

Other

No

No validations

USA

Yes

Length = 9 First digit must be 0,1,2 or 3 Number is checksum external-link-alt-solid.svg validated

United Kingdom

Yes

Must be in the format ABCDEF or AB-CD-EF

Canada

Yes

Length = 9

Australia

No

Length <= 6

Czech Republic

No

Length <= 4

Hong Kong

No

Length <= 6

Singapore

No

Length <= 8

New Zealand

No

Length <= 6

South Africa

No

Length <= 6

India

No

Length <= 11

Philippines

No

Length <= 9

Russia

No

Length <= 9

Swift Code

  • Must be alphanumeric

  • Length must be either 8 or 11 digits

  • Follows the format of XXXXXX-XX-XXX. Final 3 XXX are optional depending on length.

  • Digit 5 and 6 (country/region code) must match first 2 digits of IBAN

IBAN

  • Must be alphanumeric

  • IBAN structure validator registry

VO Code

  • Must be alphanumeric

Classification Entity

  • Must be alphanumeric

  • Length must be greater than or equal to 11

Classification CPF

  • Must be alphanumeric

  • Length must be greater than or equal to 14

Patronymic Name

  • If classification entity is INDIVIDUAL then the patronymic name must be specified and alphanumeric

Agency Code

  • Must be alphanumeric and length greater than or equal to 5

Bank Address

  • Provide the address, city, province/state, and postal code

Branch Code

  • Must be numeric

  • For JPY currency, branch code length must be 3 digits

  • For BDT currency, branch code length must be 9 digits

Step 2: Submit necessary tax forms

In accordance with USA Internal Revenue Service external-link-alt-solid.svg (IRS) regulations, impact.com requires every partner based in the USA to submit a W9 tax form before payouts can be processed. Similarly, every non–USA-based partner working with brands based in the USA needs to submit a W8 tax form. In either case, you will not receive your payout until impact.com receives a completed copy of the necessary form.

  1. From the left navigation bar, select ellipsis-v-solid.svg [Menu] → Settings.

  2. Under the Finance section, select Tax Documents.

  3. From the options provided, select the appropriate tax form.

    • Select W-9 if you're a USA-based partner.

    • Select W-8 BEN if you're a non–USA-based partner who represents an individual (i.e., you're not representing a company, organization, or entity).

    • Select W-8 BEN-E if you're a non–USA-based partner who represents a company, organization, or entity.

  4. To complete your chosen tax form, select Continue and follow the prompts until all highlighted fields contain accurate information.

  5. Select download-solid.svg [Sign] and use one of the methods provided to sign the document:

    • Method 1: type your name and adopt the electronic representation.

    • Method 2: draw your signature and adopt the electronic representation.

    • Method 3: upload an image of your signature and adopt the electronic representation.

  6. Be sure to provide your Initials if the field doesn't auto-fill.

  7. Select Adopt And Sign.

  8. Review the form thoroughly and select Finish.

    Screenshot_2024-02-28_at_12_34_27_PM.png

Important: Your name on the W9 / W8 form needs to exactly match the Beneficiary Account Name you provide in Step 1: Update bank account details. Failing this, your payout cannot be processed.

Step 3: Verify your identity

Follow these instructions to supply impact.com's compliance team with the information they need to process your request:

  1. Compose an email with the following recipient address and subject line:

    • Recipient address: compliance@impact.com

    • Subject line: Identity Verification for Updated Payment Details

  2. In the body of the email, provide the following:

    • Your impact.com partner account number.

      • Find this by selecting your account name in the upper-left corner of the screen.

      Screenshot_2024-02-20_at_10_38_37_AM.png
    • A clear photograph or scanned copy of your government-issued identity document (ID) or passport.

    • An ID selfie.

    • The last 4 digits of your registered bank or PayPal account number.

  3. Ensure that all image and PDF attachments are fully uploaded and rendered correctly.

  4. Send the email.

    Screenshot_2024-02-19_at_2_20_41_PM.png

Step 4: Plan ahead

impact.com processes a large number of requests at any one time, so don't be concerned if the process takes a while even after your assistance. The expected wait time for verification of bank details ranges between 7 and 10 working days.

Tips to minimize the impact of the delay:

  • Budget for payment delays before updating your bank details on impact.com.

  • Avoid logging unnecessary support tickets as this will increase the number of requests that need processing.

  • Double-check that you have no payment requirements which could extend the delay more than necessary.

  • Stay informed by reading up about the factors that influence when partners receive payouts: Why Haven't I Received My Payouts Yet?

  • If the delay exceeds 15 working days, contact support to figure out what may be causing the unexpected delay.

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