Wire Transfer Bulk Payouts

For affiliates who prefer traditional bank transfers, Affonso lets you export all necessary payment details for processing wire transfers through your bank. This guide explains how to export the data and what to do next.

Before You Start

Prerequisites

1. Pending payouts in Affonso — Payouts are either generated automatically based on your program settings, or you can manually generate payouts for custom date ranges.

2. Business bank account — Most banks offer batch/bulk wire transfer functionality for business accounts. Check with your bank about their specific requirements and file formats.

Step 1: Export Wire Transfer Payouts from Affonso

1. Go to your Payments dashboard
2. Select the Pending tab to view all open payouts
3. Click Export and choose Wire Transfer
4. A CSV file will download containing all affiliates who have bank transfer as their preferred payment method

The exported file includes all necessary details:

• Recipient name
• Bank name
• IBAN (International Bank Account Number)
• SWIFT/BIC code
• Payment amount
• Currency

Step 2: Process Transfers Through Your Bank

Since every bank has different procedures for bulk or batch wire transfers, the exact steps will vary depending on your financial institution. Generally, you'll need to:

1. Log in to your business banking portal
2. Navigate to payments or transfers — Look for options like "Batch Payments", "Bulk Transfers", or "File Upload"
3. Upload or import the CSV file — Some banks may require reformatting the data to match their specific template
4. Review all transfers — Verify recipient details and amounts
5. Authorize the payments — May require additional authentication or approval

Bank-Specific Considerations

• File format: Some banks require specific CSV formats or even XML files. You may need to adjust the exported data to match your bank's requirements.
• Batch limits: Banks often have limits on the number of transfers per batch or daily/monthly limits.
• Processing time: International wire transfers typically take 1-5 business days depending on the destination country.
• Fees: Wire transfer fees vary significantly by bank and destination. International transfers often incur higher fees than domestic ones.

Step 3: Mark Payouts as Paid in Affonso

After initiating the transfers through your bank:

1. Return to your Payments dashboard in Affonso
2. Select the payouts you just processed
3. Mark them as Paid

This updates your records and shows affiliates that their payment has been initiated.

When to Use Wire Transfers

Wire transfers are ideal when:

• Affiliates don't have PayPal or Wise accounts
• Large payment amounts make wire fees more economical
• Affiliates prefer receiving funds directly to their bank account
• Operating in regions where PayPal/Wise have limited support

Considerations

Fees

Wire transfer fees can be significant, especially for international transfers. Consider:

• Your bank's outgoing wire fee
• Intermediary bank fees (for international transfers)
• Recipient's bank incoming wire fee

For smaller payments, PayPal or Wise may be more cost-effective.

Currency Conversion

If paying affiliates in different currencies, your bank will apply their exchange rates. These are often less favorable than services like Wise. Consider whether it's more economical to use Wise for multi-currency payments.

Prefer Hands-Off Payouts?

Don't want to manage wire transfers manually? With Managed Payouts on the Growth or Elite Plan, Affonso handles everything — you pay one invoice, and we distribute funds to all your affiliates worldwide via PayPal or bank transfer.

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Need help with wire transfer exports? Contact our support team for assistance with formatting or bank-specific requirements.