This article will go more in-depth about your Bank Account settings, which are the settings you will need to configure to get paid. If you are only looking for a quick start setup, see the How do I get Paid? FAQ.
Updating Bank Account Settings
If you update your Bank Account settings with invalid information, you will see an error message in the platform explaining the issue. impact.com also verifies all changes made to your Bank Account settings within 48 hours. If impact.com finds any additional issues not caught by the automated system, you will receive an email notification.
Your Bank Account settings are composed of two separate settings:
The collection of details for where impact.com should send your money. You can be paid out in 1 of 3 payment methods depending on your currency and bank location:
ACH
Wire
PayPal
Sets when impact.com will pay you, also known as the payment scheduling period. The Autopay option includes payments based on thresholds or a fixed day. Refer to the Payment scheduling reference table for more information.
Your Autopay settings are directly tied to the payment timeline, aka the action locking and payment scheduling periods. Refer to the payment timeline FAQ to learn how these time periods work.
From the left navigation bar, select
[Menu] → Settings.Under the Finance section, select Bank Account.
Two-factor authentication
If you have yet to set up two-factor authentication (2FA) for your impact.com member account, you must do so before you can edit your Bank Account settings. To do so, simply add your phone number to the Phone Number (2FA) field of your account settings.
From here, you can use either Electronic Funds Transfer (EFT)—which uses your bank account information—to get paid or you can receive funds via PayPal. Certain restrictions and processing fees exist if you opt to receive your money via PayPal. See the Withdraw your balance via PayPal section below to learn more about these restrictions and processing fees.
Note
Whenever you make changes to your bank account settings, you may be required to verify your phone number as part of impact.com's Two-Factor Authentication security measures. Follow the steps in this article to help you verify your phone number.
You'll need a bank account in a country that impact.com supports to receive funds via EFT. The amount paid will be in the currency of your bank's country. Learn which currencies impact.com supports.
From the left navigation bar, select
[Menu] → Settings.Under the Finance section, select Bank Account.
Next to Payment Method, select
[Button] Electronic Funds Transfer.Enter your bank account information
Refer to the table below to learn more about each field.
Refer to the Validations reference for help in filling out your banking information.
Select Save.
Field | Description |
Bank Location Country | Select your bank account's base country from the drop-down menu. This will set the currency in which you will be paid. |
Payment Method | If you are paid in USD and your account is US-based, an EFT transfer with no processing fee will occur whenever your balance is withdrawn. |
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 (US, CAN, AUS) OR International Bank Account Number (IBAN) | Enter your bank account number (if your account is located in the United States, Canada, or Australia) OR Enter the International Bank Account Number of your account is located in any other nation. |
Bank Account Type [US Only] | For partners with US-based bank accounts, 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. Refer to your bank for help retrieving this number. |
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PayPal email |
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Beneficiary Account Name |
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Bank Account Number |
Bank Account Number Length Rules Reference
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Routing Number |
Routing Number Length Rules Reference
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Swift Code |
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IBAN |
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VO Code |
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Classification Entity |
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Classification CPF |
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Patronymic Name |
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Agency Code |
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Bank Address |
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Branch Code |
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From the left navigation bar, select
[Menu] → Settings.Under the Finance section, select Bank Account.
Next to Payment Method, select
[Button] PayPal.Enter the email address associated with your PayPal account.
Select Save.
There are some important details you must know if you want to receive your money via PayPal.
PayPal imposes a transaction limit of $100,000 USD (or your currency equivalent)
PayPal is only available for payouts in the following currencies:
USD, GBP, EUR, AUD, CAD, RUB, NZD, PHP, HKD, SGD, SEK, DKK, NOK, ILS, MXN, JPY
Every time you send money to your PayPal account, a 2% processing fee (up to the amount indicated in your UI) will be assessed to the amount sent.
For more information about setting up payment scheduling, visit our Select How Often You Can Get Paid as a Partner article.