A payment account is where Ruul sends your money after your client pays. Without one, an invoice can still be created and paid, but the payout has nowhere to go. More on the whole flow on the get paid page.
You can connect three kinds:
- Bank Account - collect payments directly into your bank account.
- MiniPay - get paid in Digital Dollars (USDT) into your MiniPay wallet.
- Binance - get paid in cryptocurrency with Binance security.
Two things come first
Identity verification. If you haven’t verified your ID yet, you’ll be asked to do it before you can add an account. If your verification is already in progress, wait for it to finish. It usually takes a few minutes.
Your residency address. Ruul asks for this once, before your first payment account. Enter your detailed address, country of residency, city and zip code, accept the agreements shown, then click Next.
Your address is used to check eligibility and to meet the legal obligations that apply where you live.
Adding an account
Go to Payment Accounts in the sidebar and click Add New.
If you haven’t verified your ID, the panel stops you right here with You must verify your ID to continue and a Verify your ID button. Finish that first and come back.
Pick the kind of account you want, then follow the steps for that provider:
Managing your accounts
The Payment Accounts screen lists everything you’ve connected, with a column for the Provider, the Bank / account holder, the Account number, the Status and the row Actions. You can filter by status or by provider, and use Columns to choose what the table shows.
What each status means
| Status | What it means |
|---|---|
| In Progress | Ruul is verifying the account to make sure it’s usable. You’ll be told when it’s done. |
| Approved | Verified and ready to receive payouts. |
| Declined | The account can’t be used. Contact Ruul and the team will tell you what needs fixing. |
Default, and the rest
One account carries the Default Payment Account badge. That’s the one offered first when you create an invoice. Open the Actions menu on any other row and choose Set as default to switch.
The same menu has Remove for an account you no longer use.
Good to know
- You can add a payment account while creating your first invoice, which saves coming back here. See how to create an invoice.
- Which currencies each provider supports is in supported countries and currencies.
- Crypto payouts carry an extra fee on top of the standard commission. See fees and pricing.
Frequently asked questions
Do I need a payment account before I can invoice?
No. You can create and send invoices without one. You just can't receive the money until an account is in place, so it's best to add one early.
Why is Ruul asking for my address?
Your residency address is used to check eligibility and to meet the legal obligations that apply in your country. It's a one-time step before your first payment account.
My account says In Progress. What does that mean?
Ruul is verifying it to make sure it's usable. You'll be told when it's done. Until then the account isn't available for payouts.
My account was declined. What now?
Contact Ruul and the team will tell you what needs fixing. A declined account can't receive payouts.
Can I have more than one payment account?
Yes. One of them is your default, marked Default Payment Account, and you can change which one that is at any time.
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