As an affiliate program expands, so do its management needs. Business owners can devote a considerable amount of time to processing payments for their affiliates. Our ecommerce experts have developed an add-on to simplify this task. The AffiliateWP Stripe Payout add-on allows you to pay your affiliates directly from your stripe account with a single click. This is a great alternative to the standard AffiliateWP Payout Service and manual bank transfers.
Currently, AffiliateWP offers several payment options for affiliates. AffiliateWP’s own payout service is the first choice, but affiliates still have to wait at least three days to receive their payment with this option. To pay your affiliates through this method a site admin must first initiate a payout from inside AffiliateWP. Then an invoice is sent for the total payout amount and processing fees, which must be paid using a credit/debit card or an ACH transfer. Once the amount is paid, funds are automatically dispersed to all affiliate accounts. The least amount of time this payout method can take is three days, but payout waiting time can extend up to 14 days, making it a lengthy and inconvenient process for affiliates.
As an alternative, affiliates can be paid through manually processed bank transfers, which can take business owners a long time and a lot of sitting at your laptop processing all payments, especially when paying a large group of affiliates.
This add-on allows you to automatically pay your affiliates individually and in bulk which reduces payment processing time. This benefits both you as a business owner, by saving you time, and your affiliates, by giving them quicker access to their funds.
AffiliateWP Stripe Payout Features
- Pay affiliates directly from your Stripe account with a single click. When referrals are earned, affiliates will receive payments directly to their Stripe accounts.
- Process affiliate payments in bulk. The add-on allows you to select multiple affiliates to process their payments at once.
- Automate affiliate payments by scheduling payouts for single or multiple affiliates.
Simplify AffiliateWP Affiliate Payments
If you are using AffiliateWP to run your affiliate program, the AffiliateWP Stripe Payout add-on is the ideal solution for quick and stress-free payments. If you have any questions or comments about the add-on, please share in the comments section below! If you need further help setting up or customizing features for your affiliate program, don’t hesitate to reach out to our ecommerce experts. We can help you configure your affiliate program and payment gateways or extend and enhance the functionality of your business’s site.