Change in bank accounts for CAD and USD payouts for Adyen for Platforms as of May 31st, 2023

May 19, 2023 12:41

Adyen is migrating payouts to platform users for the currencies CAD and USD to a different originating bank account. This change only impacts Canadian bank accounts.

Why is Adyen changing its originating bank accounts for CAD and USD?

This migration for payout accounts for Adyen for Platforms merchants will improve the payout process and reliability for platform users.

When will the change take place?

The previously scheduled date for May 10th, 2023 was postponed and the change will now take place on May 31st, 2023.

Will this affect the way payments are processed for platforms with Adyen?

No, there will be no impact to payment processing for platforms nor Adyen's ability to initiate payouts to platforms and their users.

Will this impact my platform’s payout schedule?

This change will not have any impact on payout performance or on platforms' payout schedules.

Does my platform need to do anything? 

This change will not require any action from the platform's side. However, please note that platform users' account statements will reflect the updated bank account details used for the payouts.