How to set up a bank transferĮnvato now offers bank transfers into 137 currencies, 83 of which are transferred via local routes called International Automated Clearing Houses (IACHs). Please note: if your residential address is located in Russia, Belarus, Afghanistan, Sudan, or Libya, we will not be able to pay you in our new system. If these details don't align, you will risk a returned payment. Make ensure that your account holder name and address match the details on your payout account. Bank Transfer (which may include, depending on your location and bank: IACH, SWIFT bank wires, USD to USD SWIFT wires or a virtual provider).Set your Payout method–either Bank Transfer or PayPal. If you want to select a virtual provider like Payoneer, Wise or Revolut, you need to select the Bank Transfer option.Note: do not enter a bank branch address under General Information. Once you have filled out your general information, you will be directed to select a Payout Method. The payment system is not integrated to your Envato profile so do not assume that your tax form information will be auto-filled. You will need to enter up-to-date and complete information here. Start by filling out your personal or business details. Access your payout method via, or select ‘Payout Method’ when logged in.To make sure we can process your payments in the new system, here’s what we need you to do: Under our new system, Authors can add or update a new Payoneer account in the same way as other payout methods, reducing the need to contact Author Support. We also wanted to simplify the payout process and give our Authors the ability to self-serve when making changes to their account details. The new system provides all the payout methods you're used to, as well as additional options for Local Currency payments. We have opted to include a wide range of payout options to best support our Authors, as not everyone’s preferred method will be the same. These changes are intended to benefit our Author community and to support our Authors in succeeding with their creative endeavors. The changes to our payout experience provide Authors with access to a wider range of payment options, and can allow them to benefit from potentially lower fees, faster transfers and more flexibility. How can I receive payment through a Money Transfer provider (such as Payoneer)?.All Authors will eventually be moved onto our new system. We're rolling this system out in batches, so please do not set up an account in the new system until you receive an email from us instructing you to do so. Summary: This article outlines the new payout system we're rolling out from July 2023.
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