ACH stands for Automated Clearinghouse: an international payment delivery system.
ACH allows you to automatically receive your CrakRevenue payment in the local currency of your bank. Your bank account currency must match the country currency listed under your ACH Billing Information. Some restrictions may apply.
Regardless of your chosen currency, every payment will be issued in USD initially and shown in USD on CrakRevenue’s platform.
The fixed CrakRevenue fees for ACH are $2.
That said, CrakRevenue is not responsible for any currency exchange fees applied to your payment by our service provider.
Below are the countries and currencies available for ACH payment:
|Canada||CAD or USD (bank account currency must match)
If your bank’s institution number only has 3 digits, please add a 0 at the beginning to meet the 4 digits requirement (e.g., 0XXX).
|Norway (EUR)||EUR or NOK (bank account currency must match)|
|United Kingdom||EUR or GBP (bank account currency must match)|
IMPORTANT: Be sure to have on hand, and verify, all beneficiary and bank account details before setting this method. Any successful transfers to others (beneficiaries) are considered final, and we cannot be held responsible for the delay or loss of those funds thereafter.
Affiliates either from, or with banks/institutions in, the following countries will not have this option available for payouts:
– North Korea
Transfers to these accounts through First Century Bank, or others, will not complete. We suggest a new payment method or ACH account be updated immediately, if possible.