Adding a payout method to your account allows you to receive payments directly through the method of your choice. When you add a new payout method, you will need to provide the general information for the account holder along with the banking details.

To update your general information

To update your general information, you may click on Edit on your Dashboard as seen on the image below.

To add a payment method

After logging in to your Payment Labs account, you can add a payment method by clicking "Add" next to the Payment methods menu on your dashboard. 

You will need to first identify whether you are receiving your payment as an Individual or a Business and provide all required general information. The payment methods available to you will be decided based on this information, so make sure to provide the correct and complete information.

Once you've set your general information, you will be able to select your payment method, depending on your Payor settings and your General information. The fees below each option are the cost of each individual payment.

Once you select your payment method, you will need to enter the necessary information.

Setting a payment method as default

Once you have successfully added your payout method, you may need to set it as default in order to be able to receive your payment. To do so, you can click on Set Default next to your preferred payment method. 

Important things to note

• Provide your full name (or full business legal name for businesses), exactly as shown on your bank statement. Failure to do so may result in a returned or delayed payment.
• Make sure that all information on your account (banking, tax and general) are from the same person.