Funds can enter your wallet in 2 ways: via deposits and via make-goods from partners. The more common way is to deposit funds into your account. The less common way is to receive a make-good from partners joined to your account's program.
There are 4 ways to deposit funds into your account, listed in the table below. Learn more about depositing funds into your account.
Type | Processing Time | Fees | Notes |
|---|---|---|---|
Electronic Funds Transfer (EFT) via ACH, Giro, Direct entry | 3–5 business days after initiating the deposit | Free | impact.com recommends using EFTs over all other methods. |
Wire Transfer | 24–48 hours after initiating the deposit | Free* | |
Credit Card | Immediately credited to your account. Amount deposited is added to your next impact.com invoice. | USD $3.50 per USD $100 deposited. | The fee is assessed for every USD $100 deposited (e.g., a USD $200 deposit would invoke a fee of USD $3.50 × 2 = USD $7). Only accounts with USD, GBP, or EUR as the currency can use this method. |
Direct Deposit | Immediately credited to your account. 3–5 business days to reflect in your own bank account. | Free | You can set up automatic payments after your first successful direct deposit. If the payment bounces or gets canceled, your impact.com account will be debited with the same amount deposited. |
* While impact.com doesn't charge a fee, you may incur charges from your bank for wire transfers.
Make-goods are a way for your partners to pay you back any funds they shouldn't have received. This usually occurs when a partner receives a payout for actions that should have been modified to have a smaller payout or reversed altogether. To prevent make-goods from being a common occurrence in your program, unify your contract payment processing periods.