Avelon wins Best Value, Best Functionality & Features, Best Ease of Use and Best Customer Support on Capterra. How to add your bank account to ensure you get paid your commission & other FAQs
Adding your bank account to the platform will ensure you get paid every month, directly into your bank account for any commissions you have earned. Just watch the below video for how to do this. We also have a step-by-step guide written underneath the video.
How to add your bank account
All payments through Avelon are automated and we use Stripe & Wise to transfer commissions across the world. If you already have a Stripe account, you can connect it to Avelon for automated payments. If you would rather just add your bank details, we recommend using the Wise option.
Please be aware that users outside of the UK & EU will only see Wise as the payment option.
| Payment transfer provider | UK | EU | US | ROW |
|---|---|---|---|---|
| Wise) | ✅ | ✅ | ✅ | ✅ |
| Stripe | ✅ | ✅ | ❌ | ❌ |
To add your bank account, just follow the below instructions:
- Go to Account
- Click the Complete Account Setup text/link
- Follow the steps provided on the screen
- Once completed, you will be taken back to Account
Countries we support for automatic payments
Avelon is a UK based company and uses a combination of Stripe and WISE to make payments across the world. Within the UK and European Union, we use Stripe to process payments which allows us to automate all commission payments.
Outside of this area, we use WISE to make commission payments. These payments are still automated but require the affiliate to add their bank details/receiver details through our WISE integration instead of on the Avelon platform.
Where can I see how much commission I have earned?
You can see how much commission you have earned in two ways:
1. Through the Dashboard (see below). This shows you how much commission you earned on the specified month.
2. Through your wallet. This shows how much commission you will be paid at the end of the month.
Please be aware that your wallet updates on the 15th of every month for the previous months commissions. You can read more about this below.
Your wallet, explained
Your wallet updates on the 1st of every month and will show your total commission from the previous month. For example, if you earned £50.00 commission from a sale in August, the commission will be added to your wallet on the 15th September. You will then get paid on 30th September.
An example of this is below:
- Affiliate earns a commission of £50.00 on 20th August
- Brand gets invoiced for £50.00 on 1st September
- Affiliate gets £50.00 of commission added to their wallet on 15th September
- Affiliate gets paid £50.00 of commission on 30th September
How often do commissions get paid?
Commission payments are processed on the last day of the month and usually take 3-4 working days to arrive in your bank account. You can check the amount you have in your wallet by going to your Dashboard and clicking Account on the left hand side menu.
There is a minimum payout of £20.00 for commission payments.
The blue progress bar shows how close you are to reaching the minimum payout. For example, if you have £18.00 in your wallet you will see you have reached 90% of your payout threshold, as the minimum payout amount is £20.00.
We will notify you via email when a payment is on the way to your bank account. We will also notify you if we have been unable to pay you due to your account not being set up correctly.
Is there a minimum commission payout?
Yes, there is a minimum commission payout of £20.00 within the UK and European Union and £50.00 outside of this region. You can view your progress via the blue progress bar in your wallet.
Can I request an early payout?
Yes, you can request an early payout of the funds that are in your wallet. Simply click the Request early payout button in grey at the bottom of your wallet.
Please be aware that once you confirm you want an early payout, you cannot cancel your request.
How long do commission payouts take to arrive in my bank account?
Commission payment speed is dependent on your bank. The usual payment time is 3-4 working days from the day the payment transfer has started.