Payout Status Updates
Summary
TLDRApex has recently updated its payout processes, transitioning to different processors and ensuring smooth and timely transactions. Last week, Apex successfully processed over 1700 ACH payouts and expedited 978 payouts from the latest request period, aiming to deposit them by the 27th. Apex encourages U.S. members to utilize ACH direct deposits, while international members can use Wise for similar ease. For those in countries not supported by Wise, Apex has arranged an international payout service. Members are urged to update their payout methods promptly via the Apex members area to avoid delays. Apex remains committed to efficient payouts, having processed $7.7 million in September alone, and emphasizes the importance of correct form submission to facilitate these transactions.
Takeaways
- 😀 Apex has transitioned to using different payout processors and thanks members for their patience.
- 💵 Over 1700 ACH payouts were successfully processed and deposited last week.
- 📥 An early batch of 978 payouts from the recent request period was processed, with recipients expected to receive funds around the 27th.
- 🙌 New payout systems are now in place, ensuring future payouts will be smooth, on time, and possibly early.
- 🌐 Apex provides ACH direct deposit for U.S. members and recommends international members use Wise for receiving ACH deposits.
- 📈 For members in countries where Wise is not an option, Apex has an international payout service available.
- 📝 Members must fill out a payout method form to receive payouts, with instructions available in the Apex members area.
- 🚨 Members are urged not to send help desk tickets about payouts, as all necessary information is provided on a specific page.
- 💬 Apex emphasizes the importance of accurately filling out the payout method form to avoid payment delays or issues.
- 💶 Apex has processed $7.7 million in payouts for September and plans to continue special daily payouts to ensure all members are paid.
Q & A
How many ACH payouts were processed and deposited last week according to the update?
-Over 1700 ACH payouts were processed and deposited last week.
How many payouts were processed early on Friday, and from which payout request period?
-978 payouts from the payout request period of the 15th through the 20th were processed early on Friday.
When are the early processed payouts expected to be received?
-The early processed payouts are expected to be received around the 27th.
What is the recommended way for overseas members to receive ACH direct deposits from the US?
-Overseas members are recommended to open an account with Wise to receive ACH direct deposits from the US.
What should members do if they cannot use Wise for receiving payments?
-Members who cannot use Wise should follow instructions to fill out information for an international payout service.
How can Apex members update their payout method?
-Apex members can update their payout method by logging into their members area, clicking on 'payout method', and following the instructions provided.
Why should members not send help desk tickets regarding payouts?
-Members should not send help desk tickets regarding payouts because all the necessary information is provided on the payout method page.
What might be a reason for a member still waiting on a payout?
-A member might still be waiting on a payout because their request is either still in processing, not yet approved, or they have not filled out the new payout method form.
What has Apex accomplished despite the transition to different payout processors?
-Despite the transition, Apex has processed 7.7 million dollars in payouts for the month of September and continues to be the number one Futures funding company in the industry.
What steps should members who have not yet updated their payout method take?
-Members who have not yet updated their payout method should log in, review the instructional video, fill out the form correctly, and submit it as soon as possible.
Outlines
💼 Apex Payout Updates and Systems
Apex provides updates on the recent changes and improvements in their payout processes, thanking members for their patience during the transition to different payout processors. Last week, they successfully processed over 1700 ACH payouts and, additionally, processed 978 early payouts from the recent payout request period. Apex has implemented new payout systems for both U.S. and international members, ensuring smoother and timely transactions. U.S. members can receive ACH direct deposits, while overseas members are encouraged to use Wise.com for U.S.-based routing and account numbers, facilitating ACH direct deposits from the U.S. If Wise is not an option due to country restrictions, Apex has an alternative international payout service. Members need to update their payout methods to receive payments, and all necessary instructions and details are consolidated for easy access and understanding.
📋 Instructions for Updating Payout Methods
This section guides Apex members on updating their payout methods, critical for receiving payments. After logging into the Apex account, members should navigate to the 'Payout Method' section where detailed instructions are provided. A video explains how to fill out the form correctly, whether for U.S.-based members, users of Wise, or international customers facing restrictions with Wise. It stresses the importance of accurate information to avoid processing errors. The update is crucial for receiving payouts efficiently, and the script emphasizes checking for messages and updates from Apex, especially if there have been errors or missing information in previous forms. Members waiting for payouts are reminded to check their status and ensure their payment details are correct and updated.
🚀 Final Reminders and Encouragements
Apex concludes with reminders and encouragements for members to update their payout methods as they have processed $7.7 million in payouts for September. Special daily payouts are planned for the week to accommodate members who have completed their payout method forms late. The urgency to update payment details is stressed to ensure inclusion in the regular payout schedule. Members who received early payouts are congratulated, and all are urged to log in, review the payment setup instructions, and update their information promptly. Apex reassures its commitment to facilitating smooth transactions, emphasizing their leading position in the industry despite the transition challenges.
Mindmap
Keywords
💡ACH payouts
💡payout processors
💡transition
💡Wise
💡international payout service
💡payout method form
💡verification
💡payout request period
💡processing
💡Futures funding company
Highlights
Apex provides an update on payouts and transition to different payout processors.
Over 1700 ACH payouts were processed and deposited last week.
978 payouts from the most recent request period were processed early.
Apex ensures systems are set for on-time and possibly early payouts.
Introduction of new payout systems for both U.S and International members.
U.S members can receive payments via ACH direct deposit.
Overseas members advised to use Wise for receiving ACH direct deposits.
An alternative international payout service is available for members unable to use Wise.
Instructions provided for setting up payout methods via the Apex member's area.
Members are urged not to send help desk tickets about payouts; all information is available on a specific page.
Members still waiting on a payout are advised to check their payout method setup.
Apex emphasizes the importance of providing correct payout information to avoid delays.
Reminder for members to check their emails for international payout service setup links.
Apex has processed $7.7 million in payouts for September despite transitions.
Apex plans special daily payouts as members update their payout methods.
Transcripts
hey there Apex wanted to give you a
quick update here on payouts and payout
updates and information so first of all
thank you very much for working with us
here and for your patience as we go
through a transition here of using
different payout processors we've been
working hard and getting everybody's
information updated last week we paid
out over 1700 ACH payouts that were
processed and deposited so
congratulations to you guys that got
your deposits last week also on Friday
we actually processed 978 payouts early
these were payouts from the most recent
payout request period of the 15th
through the 20th those payouts are due
on the 30th we actually got a big batch
of them 978 processed on Friday sent
over to the ACH processor and uh you
guys were part of that should receive
those early you should get those
somewhere around the 27th here so Apex
is on track we've got all of our systems
set here and even popping out some early
payouts here so congratulations to you
guys
um so all of the new payout systems are
in place and payouts are all set on
going here moving forward to be good
easy smooth and on time and even at
certain times possibly early just like
the early pouts this week so I know
there's a lot of other companies still
out there scrambling to figure out
payouts we jumped on top of it as soon
as we realized that we would need to use
different processor than deal
got on it right away got some things in
place reached out to you here and uh
again thank you so much for working
through that with us but payout process
is in place for U.S members as well as
International members of Apex so
for members here with a U.S bank account
we are doing ACH direct deposit okay if
you're an overseas member many of you
can open an account with wise just go to
wise.com
and they can actually give you a
us-based routing number and account
number to get ACH direct deposits from
the US okay and that way we can
um Achu as well that's the quickest
smoothest way and then they can get it
over to you you get to go into wise and
choose how you want it you know put into
your account from there now there are
some members that are in certain
countries that cannot use wise or have
issues opening wise or receiving money
through wise if you are outside of the
US
first of all follow the
instructions I'm going to show you where
to get those open the wise account get
the US routing account number details
get that out to you if you cannot use
wise okay if you can you need to do that
if you cannot we do have an
international payout service in place
all you have to do is fill out the
information once you fill out that
information we submit that to the payout
service they will get an email sent out
to you with a link that link will let
you set up your profile do your quick
verification and choose how you want to
get the funds sent to you through them
okay through our International payment
service many of you have already got
that link and set it up we already
pushed it out for you okay so definitely
go in and check out the form make sure
you're set up the right way I'm going to
show you where the form is but most
you've already got this okay but
everything is set
our systems are in place so if you have
not set up your payout method to do so
now okay if you're an apex referring
affiliate set up your payout method so
we can pay you commission if you have a
PA account
and you're close to getting time to do a
withdrawal request make sure you go in
and fill out the payout method or if
you're waiting on a payout okay so you
don't need to fill this out if you're
just in the evaluation stage right now
all right you don't need to fill this
out just because you have a PA all right
if you just started a PA you don't have
to worry about this right now you can do
it later just if you're about ready to
make a withdrawal request
um or you're waiting on one make sure
that you have this filled out all right
so all the information and details are
all in one easy place here do not send
help desk tickets regarding payouts the
information is all here on this page for
you okay so first thing you need to do
log into your Apex members area with
your username and password and then
you're going to click on payout method
okay and then once you do that let me
just go ahead and
pull this up here for you once you click
on payout method okay
and
where is that at well let me show you
here
okay so if you've logged into your Apex
account you'll be here in the back end
and right up here you click payout
method okay and it's going to take you
to this page here and you'll see a video
that you need to go through at the very
top there'll be a video you need to go
through it'll explain the form to you
exactly what you need to do what you
need to fill out I'll let you know if
your us us-based or using wise how to
fill out the form properly for ACH
deposit and also lets you know that you
know if you're an international
customer that cannot use wise how to go
through and fill out the form
differently there's a drop down there
and you'll choose International and what
information is needed from you walk you
through all the steps and it'll also
walk you through very clearly hey make
sure you're filling out this form
properly make sure you put in the
correct information okay but everything
you need is right here and then at the
bottom you'll be able to click the form
there and get it filled out submitted
and then that's it that's all you've got
to do for now okay so that's where you
go to get that done so again
congratulations on all the payouts
especially you guys that got them paid
out early now what if you're still
waiting on a payout you're like hey I
see hundreds of other people on social
media saying I got my pay out look it
hit my bank account but hey I've not
gotten mine yet well a couple things
here so the current PA period like you
requested from the 15th or the 20th
those are still in processing okay some
of those will be coming later this week
again those are due on the 30th or
perhaps that your request is not yet
approved still being reviewed right so
again maybe it just needs to get
approved and then it will go into
processing okay
so as long as you've filled out the form
and you have an approved payout that
should be on the way to you so some of
you have not filled out the new PA
method form right you guys have probably
seen uh we've sent out many text message
many emails over and over many posts on
social media hey go out fill out the
form fill out the form
earlier when I checked there was still
about a hundred people that haven't even
touched the new form even though we've
bombarded with reminders haven't even
gone in and filled out the form okay
you're not going to get a payout if we
don't know where to send the payout so
you have to go in and get the form
filled out so make sure to pay attention
to these messages now some of you are
like well I did that the other day but I
still got a message saying oh you need
to verify the information on the form I
just ignore those messages okay that is
a huge problem because there's been a
lot of missing and wrong information all
right A lot of people filled out the
form incorrectly so go back in and
double check it and watch the video and
see the page so you need to make sure
you've done that over here on the page
you're going to see well it's covered in
the video I walk through it but there's
some things here right that I that I
bring up a lot of people are not putting
in the right routing number and account
number some people are putting the
account number in the routing section
and the routing number in the account
section when that gets sent out from the
bank it gets rejected and returned from
your bank right
because those are not correct or missing
numbers from the account number or for
example ACH routing numbers of the US
are all nine digits always and we have
some that are seven digits some that are
ten digits you have to put in the proper
information okay
so lots of errors that we're finding
that are causing payouts to not go out
or causing them to be returned so make
sure to hop in there and make sure that
you have updated the form and that
you've updated it properly with the
correct information so uh some of you
may be waiting on getting set up with
the international payout service that
may be a reason you have not got yours
yet so most of you should
already started to get emails and the
links to set those up keep an eye on
your email over the next couple days
here get that filled out ASAP so we can
get those processed for you okay so make
sure to follow all those steps check
your spam box as well uh for that email
so we are committed to getting these
payouts out to you and again Apex is the
number one Futures funding company in
the industry we've paid out more than
any other Futures funding company in
Industry even with all of this
transition and what we've gone through
we've already processed 7.7 million
dollars in payouts for the month of
September so we're going to be doing
some special daily payouts throughout
the rest of this week as these payout
methods forms get completed I know
there's some people are kind of
straggling there that haven't got them
uh filled out yet or you know if you use
a few of you are still getting the links
done from the international provider so
we will be doing some you know know
special payouts each day here to make
sure everything gets out and then moving
forward we'll be on the normal payout
cycle schedule so make sure to get
everything updated right away and
completed this week otherwise you know
once you do it'll just roll into the
next scheduled payout cycle so make sure
to go through it all this week so again
thank you guys congratulations to all
you members with payouts and congrats to
those 978 of you that hopped right on
this got right on that form we were able
to get your payouts last week from the
previous
period and get you processed early for
this one as well so go in and get that
payout method done log in check out the
video review the form go through it get
it all set up and then sit back we will
take it from there thank you so much
happy Trading
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