I don't think banks can handle affiliate payouts at scale anymore, and we're switching to stablecoins next month.
Been running a mid size affiliate network for 9 years now, mostly iGaming and forex offers, and for a long time we paid top affiliates through wire and PayPal, it's gotten worse every year: two of our biggest partners had their accs frozen last spring cause their bank flagged "high risk" transaction patterns, it took almost 3 weeks to fix, and that's like 3 weeks of them not gettin paid + me getting angry Skype messages at 11pm.
So we're moving the whole payout stack to stablecoins starting next month, rough plan so far:
- KYC/AML for affiliates who opt in
- Invoicing so partners can request payouts on their own schedule
- Mass payout runs twice a month in USDT
- A fiat off-ramp for the ones who still want their bank
- Some kind of dashboard so my finance guy stops tracking wallet addresses in a spreadsheet
- Tell me what's missing, or what's going to blow up once we actually switch.
Edit : I need to stress you shouldn’t underestimate how normal the freeze problem is getting on the network side, 3 other network owners told me the exact same story this year alone. We looked at CoinGate and NOWPayments first, both fine, just didn't have the invoicing flow we needed for recurring affiliate payouts, so we're testing Inxy for that part now, and we're rolling this out in 4 weeks either way, bank cooperation or not.