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Payment Account Setup – UMW Recordings Inc.

We securely and efficiently manage royalty payments to our users through the My Finance module , available from your main dashboard.

Ivan Parrales avatar
Written by Ivan Parrales
Updated over 4 months ago

To do so, each artist, label, or owner must register their payment account through the My Finance module on our platform.


📝 How to register your payment account?

  1. Log in to your UMW dashboard and go to My Finance” > “Payout Accounts . ”

  2. Select the account type:

    • Individual

    • Registered Business

  3. Complete the general information:

    • Full name

    • Email

    • Date of birth (optional)

    • Full address (country, city, postal code)

    • Identity documents (front and back)

  4. Upload a legible copy of your official ID (INE, ID card, passport, etc.).

  5. Click “Next” to continue to the payment method setup step.


💰 Step 2: Selecting the Payment Method

Once registered, proceed to choose your payment method. The currently available methods are:

🔗 Bank Transfer

You will need to enter:

  • Name of the cardholder (as it appears on the bank statement)

  • Account number

  • SWIFT/BIC

  • City and bank address

  • Province or state

PayPal

You'll just need to enter the email address linked to your PayPal account.

Payoneer

(optional if you already have an active account on this platform)

⚠️ Remember that all fields must be completed correctly before clicking Submit .


✅ Validation statuses

Each payment account will go through a manual verification process by our team:

  • Approved : The account is active to receive payments.

  • Pending Approval : Under review.

  • Rejected : Rejected due to incorrect data or invalid documentation.

  • Deleted / Removed : Deleted by the user or due to inactivity.


📋 Check and manage your accounts

In the “List Payout Accounts” tab you can:

  • View all your active or inactive accounts.

  • Check the approval status.

  • Update data in case of changes in ownership or errors.


⚠️ Recommendations

  • Make sure your banking and personal information matches the documents you submitted.

  • Do not use third-party accounts unless authorized by contract.

  • Please ensure your account is in “Approved” status before the payment cycle.

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