Bank Transfer (BACS) Withdrawal Setup

Bank Transfer (BACS) is the manual payout option in the TeraWallet Pro Wallet Withdrawal module. There is no payment provider or API: customers give their bank details, you send the money from your own bank, then mark the request Approved. It works with any currency and any country.

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How it works

1. The customer saves their bank details once and requests a withdrawal. The wallet is debited the requested amount straight away.
2. The request appears in Pending with the customer’s bank details and the Payable Amount (requested amount minus any fee).
3. You send that amount from your bank.
4. You click Approve. TeraWallet marks the request paid and emails the customer. No money moves from TeraWallet itself.
5. If you can’t pay, click Reject. The debit is reversed and the balance goes back to the customer.

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Step 1 — Enable the gateway

Go to TeraWallet → Settings → Withdrawal, turn on Enable Withdrawal, then turn on Enable Bank transfer (the BACS gateway).

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Step 2 — Choose the bank fields

Use Bank account fields to pick which fields customers see. Leave it empty to show all of them. Only pick what your bank needs to make a transfer in your region. For example, a UK store might select sort code only, and a European store might select IBAN and SWIFT.

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Step 3 — Set limits and a fee (optional)

Set Minimum / Maximum Withdrawal as needed. To cover bank charges, turn on Enable Processing Fee and choose Fee Type, Fee Amount and Fixed Component. The fee is deducted from what you pay: the wallet is debited the requested amount and the Payable Amount is requested − fee.

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Step 4 — What customers need to do

Customers go to My Account → Wallet → Withdrawal → Payment Settings, choose Bank transfer, fill in the fields and save. Each field is limited to 200 characters, and an invalid IBAN or SWIFT is rejected with a message and not saved. If a customer submits a withdrawal without an account name and number, the form asks them to set up their bank details first.

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Step 5 — Pay and approve requests

1. Go to the Withdrawal requests list and open a pending request.
2. Under Payment Details, copy the customer’s bank details. Requested Amount, Withdrawal Charge and Payable Amount are shown below.
3. Make the transfer in your bank.
4. Click Approve. For several at once, tick the requests in the list and use the Approve bulk action.
5. Add a note (for example the bank reference) if you want a record. Notes can be private or visible to the customer.

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Troubleshooting

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Developer notes

• Filter woo_wallet_withdrawal_bacs_account changes the list of bank fields.
• Filter woocommerce_get_bacs_locale changes the country-specific sort-code labels.

See Pro Hooks & REST API for the full reference.