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Scenario

In this example, we’ll discuss a book royalties advance company called Bookworm. Historically, Bookworm has used wire transfers to fund its advances, but they’re looking to add more flexibility to their offering.

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Strategy

1

Bookworm creates an Enterprise in the Manifest dashboard.

Manifest assigns Bookworm an account at our bank partner. Bookworm is able to fund their account via wire or ACH.


2

Bookworm adds a Manifest payment option to their web app.

Bookworm links to or embeds Connect so their authors can open a Manifest account, or link to their existing bank via ACH.


3

Bookworm issues advances to their artists using the Manifest API.

Because of Manifest’s capped pricing for instant transfers, Bookworm is able to offer their authors with Manifest accounts a new weekly payout option.

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Results

By adding a flexible advance option to their platform, Bookworm:
  • Helped its authors find free business banking tailored for creators.
  • Created a more flexible option for authors that eases their cashflow.
  • Reduced its advance costs — even for artists who still choose to use ACH.

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Issue Payouts