Starting on Monday, January 16, 2023, Verblio will no longer be using PayPal.
Instead, all payments on the Verblio platform will be sent directly to your bank account via an ACH direct deposit.
Your invoice will be processed as usual every Monday. After your invoice is processed, you will receive an email from Routable. Routable is our new payment system.
This email will confirm your total payment, your bank account that will receive the payment, and the expected arrival date of your payment. It will take 1-3 business days for the transfer to appear on your bank statement.
What do I need to do?
Existing writers will receive an invite from Routable in the week of January 9th.
New writers will receive a Routable invite 1-2 business days after their Verblio account is first approved.
You will be asked to confirm basic details that you already provided to Verblio, such as your name and tax information, as well as your bank account details.
This secure process should take less than 60 seconds.
Why is Verblio making this change?
Over the past couple of months, our writers have reported numerous problems with PayPal, including slow timelines for receiving their payments, missing payments, etc.
While Verblio has fixed each issue with each writer as it has arisen, it’s clear that PayPal does not provide the reliability and security necessary to ensure our writer community is happy and paid on time.
Routable provides a more secure payment process with guaranteed delivery times.
Additionally:
The money will arrive directly in your bank account (no more waiting for PayPal to transfer money to your bank account)
Bank-to-bank transfers remove the middle person and empowers Verblio to better serve you should any issues arise with your payment
Verblio will be able to provide you with tax information at the end of each year, making tax reporting easier for you
Verblio will be able to introduce more flexible payment options in the future (for example, we are exploring the option of multiple pay dates each week, and even real-time daily payments, so you can get paid more frequently)