Instant payout to affiliates

How-To
1

I have a membership site with an affiliate program and I’d like to know if its possible to payout my affiliates instantly once a payment is marked as completed.

So here’s what I mean:

  1. A new member signs up and pays with any coin using an affiliate link.
  2. Once the payment completes the amount is converted to USDC.POL.
  3. My webhook tells Atlos to pay out X amount to the affiliate in the above currency.
  4. IPN updates my site with payout confirmation.

Is this possible?

2

Hi SDMcC,

Yes, it’s definitely possible. You can do it in two steps:

  1. First, accept a payment as you normally would. You will receive a postback (a webhook) notification.

  2. Second, call the payout API endpoint Wallet/SendToken to send a payment to the affiliate.

Here’s the doc page for the Wallet/SendToken endpoint:

https://atlos.io/docs/api/wallet/send-token

3

Ok thank you, but is it possible to convert the coin the buyer paid with to something else and then pay the affiliate?

You see I’d like to accept various coins, but only pay out in one and I don’t want to have to keep an eye on my liquidity all the time.

4

Yes, we are actually adding this feature now. You can accept coins in different currencies and receive settlements in one currency, such as USDC.

1 Like
5

Thats great. Do you have a timeframe when this will be available?

6

We are testing it now. It should be available as a beta next week

1 Like
7

Is there any update to this new feature?

8

Yes, it is live now (in beta). To define the settlement asset, access the Merchant Panel, then go to Settings → Settlement asset and select an asset. Then, all payments will be automatically converted to that asset.

As of now, we support settlements in USDC on Polygon, bitcoin, and monero.

9

This is perfect! Thank you so much for adding this function :raised_hands: