Domain name purchased on an instalment plan
We ask our sellers to add their British (GBP) payout information to Brandpa after they sell their domain name on an instalment plan. We advise our sellers to create an account with Wise (read how here: https://sellers.brandpa.com/how-to-set-up-a-gbp-account-with-wise-com/), and provide us with their British account number and sort code so that we can pay out using those details.
What is a sort code and where can I find it?
A sort code is a bank code used to route money transfers between financial institutions in the United Kingdom. It uses six digits, often separated by hyphens and so it could look like this: 00-11-22. You should be able to find the sort code within your Wise account after you add a new currency (British – GBP) to your Wise account.
For Brandpa to be able to make a payout to you, we’ll also need an account number. After you create a GBO (British) account, together with a sort code, you will also be given an account number. It’s usually wither a 6- or an 8-digit number.
Domain name purchased outright
If a domain name is purchased out right (not on an instalment plan), our seller will receive a link from a company called Mercury (https://mercury.com/) requesting your bank account details.