Making Payments with Wise ✪

Once you have created statements on Curve, you will have balances that are payable to your artists. Via Curve’s Payments tool you can organise and trigger your royalty payments.

On Curve, we have three possible payment processes. You can either integrate with Tipalti, integrate with Wise (previously known as Transferwise), or organise your payments via an Excel spreadsheet. More info on all three options, and which option can work best for you, can be found here.

If you wish to make payments with Wise, please follow the instructions in this article.

1. Sign up to Wise

Head over to Wise to set up your account here - https://wise.com/register/#/email

2. Add your Wise details on Curve

Your preferred payment provider can be configured by going to your Settings > General > Payments tab. Please select the Wise option. Two additional fields will appear for you to complete.

Wise API Key - You will need to create this key within Wise, following the below steps.

1. Click on your name or business name in the top right
2. Select Settings
3. Scroll down the page, to API Tokens, and select Add Token
4. Enter in the following information:
   
   Name: Curve Access
   Token Permissions: Full Access
   IP Addresses: Enter in the following two addresses
   54.73.106.220
    52.212.214.247
5. Hit 'Create Token'
6. This will return you to the settings page. Go to the token you’ve just created, and hit ‘Reveal’ on the API key
7. This may ask for your password. This will then reveal the API key, which you can now copy and paste into the Wise API Key field within Curve.

Wise Account - After you enter in the API key, you will be asked to select the account associated with the API key, usually a personal or business account

3. Providing your Payee’s bank details

Key to making payments is of course storing your artist’s bank details. This info will be stored against your Payees. To get started, please go to your Payees page and click into the Payee you wish to add payment details for. In this Payee, please complete the fields in the Payment Details area.

Please be aware, only Admin users have the right to add or adjust bank details on a Payee.

4. Creating Payment Groups

Once you have configured your Payment settings and provided your Payee’s bank details, you are ready to start making payments. On Curve, payments are always made as part of a Payment Group. A Payment Group will hold all the pending payment transactions, ready for you to approve them and mark them as paid.

There are three ways in which you can create a Payment Group and subsequent Payments.

1. By enabling Auto-Payments in your Contracts - If at least one Contract in your Period has the Auto-Payment functionality enabled and has a payable balance (i.e. the balance is higher than the Minimum Payout threshold), then a Payment Group holding these Auto-Payments will automatically be created.
   
   If you reprocess the Period which results in changes to the balances of your payable Contracts, the amount of unpaid payment prompts will automatically be updated to the new amount. However, as soon as at least one payment in a payment group has been fully approved and paid, you will no longer be able to reprocess the linked Period. So please only start approving payments once you are confident your Period is complete.
2. By triggering a Payment in a Statement - Alternatively, you can manually trigger a statement’s closing balance to be created as a payment. All payments that are triggered within the same Period on Curve will automatically be created as part of the same Payment Group.
   If you reprocess the Period which results in changes to the balances of your payable Contracts, Curve will not automatically update the payable amount of previously triggered pending payment transactions. However, you can create an additional payment prompt that will cover the difference between the new balance and the initial payment prompt.
3. By manually creating a Payment Group and manually creating Payments - A final option is to create the entire Payment Group and all of its Payments manually. The payments will be created loose from any Periods or Statements on Curve.
   

5. Triggering Payments in Curve

Once you have created your pending payment transactions on Curve and are happy for them to be sent through Wise, you can trigger these from within the Payment Groups page. Once payments are triggered in Curve, they will still need to be approved in Wise.

There are three ways to trigger payments.

1. By selecting Pay > Pay All from the button in the top right. This will send through all payments that are valid to be paid.
2. By selecting those Payments which you want to pay using the checkboxes on the left of the table, and hitting Pay > Pay Selected. This will only trigger those selected to be sent through to Wise.
3. By going into a single Payment, and hitting Pay in the top right. This will only trigger this one payment to be sent through to Wise.

6. Approving Payments in Wise

After your payments have been sent to Wise, you will need to approve them within Wise. All payments will appear in your activity feed for approval.