Wise - Bank transfer integration

Why should you pay with Wise - Bank transfer?

Choosing Wise for your affiliate payouts brings significant advantages, streamlining your operations and enhancing your relationships with affiliates:

• Pay Directly to Bank Accounts: Send payments straight to your affiliates' bank accounts, offering a professional and convenient payout method.

• Lower Fees & Real Exchange Rates: Benefit from Wise's transparent, low-cost fees and real mid-market exchange rates, which can lead to significant savings compared to traditional international transfers or other payment services.

• Faster Payouts: Experience quicker transfer time, ensuring your affiliates receive their commissions promptly, which boosts satisfaction and trust.

• Global Reach: Effortlessly pay affiliates in 40 currencies across 70+ countries, expanding your affiliate program's global potential without hassle.

• Enhanced Security: Leverage Wise's robust security measures and UpPromote's secure integration to ensure your payments are safe and protected.

• Seamless In-App Experience: Manage everything from connecting your Wise account to tracking individual and bulk payouts directly within your UpPromote admin, eliminating the need for external platforms.

Requirement:

In order to connect your Wise account, the following conditions must be met:

• A Wise business account (which has been verified).

• An UpPromote Professional Plan or higher.

Setup steps:

Step 1: Create a Wise Team Member Account

To securely manage permissions for your UpPromote integration, we recommend creating a dedicated Team Member account in Wise.

1. Log in to Wise: Access your Wise business account dashboard.

2. Create a New Team Member:

   • Navigate to your Team members and payment approvals setting.

   • Add team member account specifically for UpPromote integration.

   • When setting permissions for this new team member, select only the necessary permissions below:

     • View account: View all transactions, View account balances, View recipient lists.

     • Move money: Set up or make payments via transfer, Add or edit recipients.

     • Manage team: View team members.

     • Manage account: Manage software integrations and tools.

     These specific permissions are crucial for processing bank transfers securely and efficiently. Do not grant unnecessary access.

   • Select "No approval" for the transfer approval. Our app will only create transfers for payouts you've already approved within UpPromote.

Step 2: Get Your Wise API Token from the Team Member Account

After setting up your dedicated Wise Team Member account, you will generate the API token from it.

1. Access API Token Settings: From within the newly created Team Member account, go to the Integrations and Tools and find API tokens.

2. Generate API Token: Click Add new token, enter token name and set Token permissions: Full access. Please remember, the API access will be tailored to the specific permissions you granted to this team member account in the previous step.

3. Reveal key and copy this API Token. You will need it in the next step.

Step 3: Connect Wise API Token to UpPromote

Now, you will use the API Token obtained from Wise to link your accounts within UpPromote.

1. Navigate to UpPromote Settings: In your UpPromote admin, go to Settings > Integration > Turn on Wise - Bank transfer > Continue to setup.

1. Select Next to move into the API credentials step.

1. Paste and verify API Token: Paste the copied API Token from Wise into the API token field and select "Verify API token" button to initiate the connection.

1. Verify Wise business profile information:

   • Confirm Business Profile: UpPromote will display the Wise business profiles detected from your API token. Please select Wise business profile you want to connect for your UpPromote payouts.

   • Currency Balance Account: The currency balance we use to fund your money transfers in Wise will match your Shopify store currency settings. This alignment is crucial for seamless transactions.

   • Profile Connection Limit: Please note that each Wise business profile can be connected to a maximum of 5 other Shopify stores. Please select or create another Wise business profile.

Step 4: Complete payout security method and finish Integration

Based on your Wise business profile country, you will have different method to confirm Wise commission payout transactions:

• If your Wise business account is from the UK or European Economic Area countries: you'll need to authorize payout transfers directly within Wise.

• If your Wise business account is from other countries: you'll need to set up Google Authentication or a payout password to authorize payouts within UpPromote:

After successfully connecting your Wise API token and completing the security method, Wise integration is activated.

Once enabled, your affiliates can now provide their bank account details, and you can begin sending commission payouts directly via Wise! Please check this guide for more details.