Skip to main content

How do I verify my payout method?

Payout method verification: SEPA €1 transfer, SWIFT bank statement, card, PayPal, multi-currency

Written by Arina Smokova

Before you can receive payouts, the payout method you add needs to be verified. How it works depends on the method:

SEPA bank account (EUR, in Europe)

  • Transfer €1 from the bank account you added to the Abillio bank account shown in the Payout method tab. Use the exact payment reference shown there, because it contains your ID.

  • The €1 must come from the same account you added. A transfer from a different account won't verify it.

  • The name on the bank account must match the name in your Abillio profile exactly (including middle names).

  • Verification happens automatically when payments are checked during the day, so allow a few hours. If it still isn't verified after one business day, contact us in the chat.

  • A bank statement doesn't verify a SEPA account. Only the €1 transfer does.

SWIFT bank account (outside Europe)

  • Upload a bank statement in the Payout method tab. It must show your full name and the account number, and be no older than 3 months.

  • The account must be in your own name. Accounts belonging to someone else can't be used.

Payment card (if you're not a tax resident of Latvia or Estonia)

  • We take 1 cent from your card and send it back. If the card accepts the return, it is verified.

  • Some cards don't accept this type of incoming payment. If verification fails, try a card from another bank or a different payout method.

  • Make sure the card has a small positive balance.

PayPal

  • No action needed. Your PayPal account is verified automatically after the first successful payout.

Using one account for several currencies

  • If you want to receive several currencies (e.g. EUR and HUF) to the same verified account, contact us in the chat and we'll set it up as a multi-currency account.

Did this answer your question?