We've partnered with Wyre (sendwyre.com) to offer direct-to-bank withdrawals for SpankPay Merchants. Read this guide to set it up!
To access your Banking settings, first navigate to your SpankPay Merchant Dashboard, click "Account Settings" and then click "Banking". You should see the following screen:
You probably don't already have a Wyre account connected to your bank account, so click the "Sign Up" link to go to Wyre and set up your account.
Once you've made your Wyre account, you'll have to verify your account and provide your banking details. Click the "Verify Now" button on the big blue banner at the top of the page to get started.
First, enter your personal details.
After that, you'll have to provide your verification documents, bank information, and verify your personal contact information.
The Wyre verification process can take up to 48 hours, but once you've been verified, you can generate a Wyre API key and use it to link your Wyre account to your SpankPay account.
To generate a Wyre API key, login to your Wyre account, click "Your account" and then click "API Keys".
On the API Keys page, you'll have to click "Request API Key" and fill out the form details. The Wyre team will reach out to provide your API Key and API Secret.
Important Note - Make sure you save (ideally somewhere safe) your API Secret when you generate your API Key. You'll need both the API Key and the API Secret to connect your Wyre account to your SpankPay account.
Once you've received your API Key and API Secret, navigate back to the SpankPay Banking section and input your API Key and API Secret. Click "confirm" and you should see a green check mark next to your API Key that confirms that you have successfully connected your Wyre account.
That's it for the Wyre bank setup!
Now withdrawing your SpankPay balance to your bank is easy. First, from the main SpankPay Merchant Dashboard click "Withdraw", and then after you've decided the amount you want to withdraw, click "Bank Withdraw".
On the next page, you can confirm and execute your withdrawal by clicking "Withdraw".
And that's it for withdrawing to your bank! Once you click withdraw, you can refresh your SpankPay Dashboard and you should see a row representing your pending withdrawal, and the money should hit your bank account in 2-3 business days! 🍑💸🏦