Partner payout & tax setup

Before a partner can receive a payment, they set up two things: a payout method (where the money goes) and a valid tax document (a tax form on file). Until both are in place, their earned commissions are held rather than paid.

This page is written for partners, but admins should read it too. You’ll often help partners through this setup, and you control which currencies partners can be paid in.

What it does

Partner payout setup makes sure money reaches the right place and that everything’s in order to pay it. Partners are paid by bank transfer in their own currency, so partners around the world can be paid into their local bank account while your account always pays in its own currency. A partner adds their bank details and tax details once, and from then on their earned commissions can be paid automatically.

Lasso makes the status clear on both sides: a partner can see what’s left to finish, and an admin can see which partners are ready to be paid and which are still blocked.

What you need first

• A partner account with access to payout settings.
• For the tax side, the partner’s tax details. See Taxes & 1099s.

What you can configure

• Payout method: partners add the bank account their payments go to and the currency they want to receive.
• Organization vs personal setup: payments can be directed to a company or to an individual, depending on how a partner is paid.
• A default method: when a partner has more than one account on file, they pick which Lasso uses.
• For admins: payout settings: you control which currencies partners can be paid in.

See the full guide