By
Lumanu
Oct 29, 2024
Best alternative to PayPal for influencer payments?
PayPal is convenient for smaller transactions and it’s not surprising that many companies start off using PayPal to pay creators, after all everyone has a PayPal account, right?
Managing influencer payments is complex, especially for large brands and agencies with high volumes of payments and defined financial controls. The reality is that Paypal does not cut it when managing large-scale influencer campaigns.
When Obviously switched from PayPal to Lumanu, Justin Vatz (CFO) said -
“PayPal is useful for smaller operations, but as we grew, cracks started to show—there was very little visibility into payments, it was very manual, and if something went wrong there was effectively no support.”
Important Disclaimer:
If you use an influencer platform to manage your campaigns, make sure you understand how that platform handles payments. If the platform uses PayPal for disbursements, many of the issues outlined below—such as compliance gaps, high fees, and poor support—will still apply. It may not be your fault, but when problems arise with payments, it will be your responsibility to resolve them with your influencers.
Why Large Brands & Agencies Switch from PayPal to Lumanu
Improved Accounting & Reconciliation
Lumanu integrates directly with your internal financial systems, providing seamless management of payments alongside invoices and purchase orders (POs). This ensures easy reconciliation, allowing finance teams to match payments against campaigns and contracts. It’s ideal for brands with strict "No PO, No Pay" policies.
Lumanu provides real time reporting and visibility across payments at the campaign and project level. Custom variables give quick visibility and easier reconciliation.
PayPal was not built to support accounting or reconciliation workflows, creating manual work for finance teams and increasing the likelihood of errors. This slows down payment reconciliation and adds friction to your finance operations.
Faster payments
For large companies, hooking up a bank account to PayPal for ACH debit is often a non-starter. There's really no way to get money to PayPal faster than five business days and the process of doing so requires some creativity by the Finance team.
Lumanu is built on modern banking practices. All incoming funds are linked to an associated invoice and PO (if needed for your policy). Funds are reflected in a dedicated Lumanu account within minutes after receipts.
PayPal charges recipients 1.75% for same day payments while Lumanu does not charge your partners and transfers funds via same day ACH as standard practice.
Cost-Effective Payments without Hidden Fees
Lumanu offers transparent, predictable pricing. You avoid the high transaction fees and currency conversion markups common with PayPal. By eliminating hidden costs, you can allocate more of your budget to the campaigns and influencers that matter most.
For sending payments, PayPal charges up to 2.9% + fixed fees on transactions, with hidden currency conversion markups that can reach as high as 10%. These fees add up, particularly for global campaigns, eating into your campaign budget.
Master Vendor Approach: Built for Enterprise-Level Compliance
Lumanu acts as your single vendor for all creator payments. This means you don't have to deal with tax form collection or filings. Lumanu gives creators as consumer grade experience while proving enterprise-level compliance. Our platform is built to minimize vendor risk according to your procurement policies. We verify identity, business info, conduct TIN checks, scan global watchlists, and verify bank account ownership—ensuring every creator meets your compliance standards.
Lumanu gives your procurement team the tools to manage risk while offering a consumer-grade experience for creators, ensuring that approval workflows are upheld while making it easy for influencers to get onboarded without unnecessary friction.
PayPal, on the other hand, is designed for consumer and small business payments. While PayPal does operate as a third party settlement organization and handles tax filings, it lacks the robust onboarding and compliance controls needed by large brands and agencies, leaving you exposed to potential vendor risk and compliance gaps.
Project-Level Financial Management
Lumanu allows you to allocate budgets to specific campaigns and track payments in real-time. Brands and agencies use Lumanu's project level budgeting to easily understand spent and remaining budget, ensuring complete financial transparency across all campaigns.
PayPal lacks project-level financial management, forcing you to track payments manually without a clear link to specific campaigns. This makes it hard to manage budgets across multiple campaigns effectively.
Built on Trust: Influencer Support & Reliability
Lumanu builds trust between you and your influencers by offering live human support for both parties. Unlike PayPal, which has a notoriously poor support experience, Lumanu ensures both your team and influencers get real-time assistance from experts. Whether it's resolving payment issues or answering tax questions, we are here to support you and your creators. This hands-on support strengthens your relationship with influencers and keeps your campaigns running smoothly.
PayPal offers no dedicated support for influencer issues, leaving you and your creators stuck chasing down subpar customer service when problems arise. It is virtually impossible to get support from PayPal in a timely manner.
Why Teams at Large Brands & Agencies Love Lumanu
Finance Teams:
Automated PO and Invoice Integration: No more manual reconciliation—Lumanu integrates with your ERP systems to streamline accounting.
Predictable, Transparent Fees: No hidden costs or surprise fees, and you get full visibility into your payment process.
Compliance: Lumanu handles all tax forms, compliance, and reporting obligations, and minimizes vendor risk with thorough onboarding processes. Since Lumanu is your vendor we are responsible for all creator compliance and tax filings.
Marketing Teams & Agencies:
Instant Influencer Payments: Keep influencers happy with Lumanu’s instant payment option. If enabled on your account, influencers have the option of receiving funds once campaign deliverables are approved.
Project Wallets: Manage campaign budgets in real-time with dedicated financial tracking for each project.
Better Relationships with Creators: Real-time human support ensures smoother transactions and helps build long-term trust with influencers.
Lumanu has dedicated support for teams using Lumanu as well as your influencer partners ensuring that any potential issues are resolved quickly.
Ready to Switch to Lumanu?
If you're tired of dealing with PayPal's limitations and are looking for a more professional, compliant, and transparent payment solution, it's time to make the switch. Lumanu offers everything large brands and agencies need to streamline their payments and build better relationships with influencers.
Talk to our team to see how Lumanu can transform the way you manage payments and compliance for influencer campaigns.
PayPal is convenient for smaller transactions and it’s not surprising that many companies start off using PayPal to pay creators, after all everyone has a PayPal account, right?
Managing influencer payments is complex, especially for large brands and agencies with high volumes of payments and defined financial controls. The reality is that Paypal does not cut it when managing large-scale influencer campaigns.
When Obviously switched from PayPal to Lumanu, Justin Vatz (CFO) said -
“PayPal is useful for smaller operations, but as we grew, cracks started to show—there was very little visibility into payments, it was very manual, and if something went wrong there was effectively no support.”
Important Disclaimer:
If you use an influencer platform to manage your campaigns, make sure you understand how that platform handles payments. If the platform uses PayPal for disbursements, many of the issues outlined below—such as compliance gaps, high fees, and poor support—will still apply. It may not be your fault, but when problems arise with payments, it will be your responsibility to resolve them with your influencers.
Why Large Brands & Agencies Switch from PayPal to Lumanu
Improved Accounting & Reconciliation
Lumanu integrates directly with your internal financial systems, providing seamless management of payments alongside invoices and purchase orders (POs). This ensures easy reconciliation, allowing finance teams to match payments against campaigns and contracts. It’s ideal for brands with strict "No PO, No Pay" policies.
Lumanu provides real time reporting and visibility across payments at the campaign and project level. Custom variables give quick visibility and easier reconciliation.
PayPal was not built to support accounting or reconciliation workflows, creating manual work for finance teams and increasing the likelihood of errors. This slows down payment reconciliation and adds friction to your finance operations.
Faster payments
For large companies, hooking up a bank account to PayPal for ACH debit is often a non-starter. There's really no way to get money to PayPal faster than five business days and the process of doing so requires some creativity by the Finance team.
Lumanu is built on modern banking practices. All incoming funds are linked to an associated invoice and PO (if needed for your policy). Funds are reflected in a dedicated Lumanu account within minutes after receipts.
PayPal charges recipients 1.75% for same day payments while Lumanu does not charge your partners and transfers funds via same day ACH as standard practice.
Cost-Effective Payments without Hidden Fees
Lumanu offers transparent, predictable pricing. You avoid the high transaction fees and currency conversion markups common with PayPal. By eliminating hidden costs, you can allocate more of your budget to the campaigns and influencers that matter most.
For sending payments, PayPal charges up to 2.9% + fixed fees on transactions, with hidden currency conversion markups that can reach as high as 10%. These fees add up, particularly for global campaigns, eating into your campaign budget.
Master Vendor Approach: Built for Enterprise-Level Compliance
Lumanu acts as your single vendor for all creator payments. This means you don't have to deal with tax form collection or filings. Lumanu gives creators as consumer grade experience while proving enterprise-level compliance. Our platform is built to minimize vendor risk according to your procurement policies. We verify identity, business info, conduct TIN checks, scan global watchlists, and verify bank account ownership—ensuring every creator meets your compliance standards.
Lumanu gives your procurement team the tools to manage risk while offering a consumer-grade experience for creators, ensuring that approval workflows are upheld while making it easy for influencers to get onboarded without unnecessary friction.
PayPal, on the other hand, is designed for consumer and small business payments. While PayPal does operate as a third party settlement organization and handles tax filings, it lacks the robust onboarding and compliance controls needed by large brands and agencies, leaving you exposed to potential vendor risk and compliance gaps.
Project-Level Financial Management
Lumanu allows you to allocate budgets to specific campaigns and track payments in real-time. Brands and agencies use Lumanu's project level budgeting to easily understand spent and remaining budget, ensuring complete financial transparency across all campaigns.
PayPal lacks project-level financial management, forcing you to track payments manually without a clear link to specific campaigns. This makes it hard to manage budgets across multiple campaigns effectively.
Built on Trust: Influencer Support & Reliability
Lumanu builds trust between you and your influencers by offering live human support for both parties. Unlike PayPal, which has a notoriously poor support experience, Lumanu ensures both your team and influencers get real-time assistance from experts. Whether it's resolving payment issues or answering tax questions, we are here to support you and your creators. This hands-on support strengthens your relationship with influencers and keeps your campaigns running smoothly.
PayPal offers no dedicated support for influencer issues, leaving you and your creators stuck chasing down subpar customer service when problems arise. It is virtually impossible to get support from PayPal in a timely manner.
Why Teams at Large Brands & Agencies Love Lumanu
Finance Teams:
Automated PO and Invoice Integration: No more manual reconciliation—Lumanu integrates with your ERP systems to streamline accounting.
Predictable, Transparent Fees: No hidden costs or surprise fees, and you get full visibility into your payment process.
Compliance: Lumanu handles all tax forms, compliance, and reporting obligations, and minimizes vendor risk with thorough onboarding processes. Since Lumanu is your vendor we are responsible for all creator compliance and tax filings.
Marketing Teams & Agencies:
Instant Influencer Payments: Keep influencers happy with Lumanu’s instant payment option. If enabled on your account, influencers have the option of receiving funds once campaign deliverables are approved.
Project Wallets: Manage campaign budgets in real-time with dedicated financial tracking for each project.
Better Relationships with Creators: Real-time human support ensures smoother transactions and helps build long-term trust with influencers.
Lumanu has dedicated support for teams using Lumanu as well as your influencer partners ensuring that any potential issues are resolved quickly.
Ready to Switch to Lumanu?
If you're tired of dealing with PayPal's limitations and are looking for a more professional, compliant, and transparent payment solution, it's time to make the switch. Lumanu offers everything large brands and agencies need to streamline their payments and build better relationships with influencers.
Talk to our team to see how Lumanu can transform the way you manage payments and compliance for influencer campaigns.
PayPal is convenient for smaller transactions and it’s not surprising that many companies start off using PayPal to pay creators, after all everyone has a PayPal account, right?
Managing influencer payments is complex, especially for large brands and agencies with high volumes of payments and defined financial controls. The reality is that Paypal does not cut it when managing large-scale influencer campaigns.
When Obviously switched from PayPal to Lumanu, Justin Vatz (CFO) said -
“PayPal is useful for smaller operations, but as we grew, cracks started to show—there was very little visibility into payments, it was very manual, and if something went wrong there was effectively no support.”
Important Disclaimer:
If you use an influencer platform to manage your campaigns, make sure you understand how that platform handles payments. If the platform uses PayPal for disbursements, many of the issues outlined below—such as compliance gaps, high fees, and poor support—will still apply. It may not be your fault, but when problems arise with payments, it will be your responsibility to resolve them with your influencers.
Why Large Brands & Agencies Switch from PayPal to Lumanu
Improved Accounting & Reconciliation
Lumanu integrates directly with your internal financial systems, providing seamless management of payments alongside invoices and purchase orders (POs). This ensures easy reconciliation, allowing finance teams to match payments against campaigns and contracts. It’s ideal for brands with strict "No PO, No Pay" policies.
Lumanu provides real time reporting and visibility across payments at the campaign and project level. Custom variables give quick visibility and easier reconciliation.
PayPal was not built to support accounting or reconciliation workflows, creating manual work for finance teams and increasing the likelihood of errors. This slows down payment reconciliation and adds friction to your finance operations.
Faster payments
For large companies, hooking up a bank account to PayPal for ACH debit is often a non-starter. There's really no way to get money to PayPal faster than five business days and the process of doing so requires some creativity by the Finance team.
Lumanu is built on modern banking practices. All incoming funds are linked to an associated invoice and PO (if needed for your policy). Funds are reflected in a dedicated Lumanu account within minutes after receipts.
PayPal charges recipients 1.75% for same day payments while Lumanu does not charge your partners and transfers funds via same day ACH as standard practice.
Cost-Effective Payments without Hidden Fees
Lumanu offers transparent, predictable pricing. You avoid the high transaction fees and currency conversion markups common with PayPal. By eliminating hidden costs, you can allocate more of your budget to the campaigns and influencers that matter most.
For sending payments, PayPal charges up to 2.9% + fixed fees on transactions, with hidden currency conversion markups that can reach as high as 10%. These fees add up, particularly for global campaigns, eating into your campaign budget.
Master Vendor Approach: Built for Enterprise-Level Compliance
Lumanu acts as your single vendor for all creator payments. This means you don't have to deal with tax form collection or filings. Lumanu gives creators as consumer grade experience while proving enterprise-level compliance. Our platform is built to minimize vendor risk according to your procurement policies. We verify identity, business info, conduct TIN checks, scan global watchlists, and verify bank account ownership—ensuring every creator meets your compliance standards.
Lumanu gives your procurement team the tools to manage risk while offering a consumer-grade experience for creators, ensuring that approval workflows are upheld while making it easy for influencers to get onboarded without unnecessary friction.
PayPal, on the other hand, is designed for consumer and small business payments. While PayPal does operate as a third party settlement organization and handles tax filings, it lacks the robust onboarding and compliance controls needed by large brands and agencies, leaving you exposed to potential vendor risk and compliance gaps.
Project-Level Financial Management
Lumanu allows you to allocate budgets to specific campaigns and track payments in real-time. Brands and agencies use Lumanu's project level budgeting to easily understand spent and remaining budget, ensuring complete financial transparency across all campaigns.
PayPal lacks project-level financial management, forcing you to track payments manually without a clear link to specific campaigns. This makes it hard to manage budgets across multiple campaigns effectively.
Built on Trust: Influencer Support & Reliability
Lumanu builds trust between you and your influencers by offering live human support for both parties. Unlike PayPal, which has a notoriously poor support experience, Lumanu ensures both your team and influencers get real-time assistance from experts. Whether it's resolving payment issues or answering tax questions, we are here to support you and your creators. This hands-on support strengthens your relationship with influencers and keeps your campaigns running smoothly.
PayPal offers no dedicated support for influencer issues, leaving you and your creators stuck chasing down subpar customer service when problems arise. It is virtually impossible to get support from PayPal in a timely manner.
Why Teams at Large Brands & Agencies Love Lumanu
Finance Teams:
Automated PO and Invoice Integration: No more manual reconciliation—Lumanu integrates with your ERP systems to streamline accounting.
Predictable, Transparent Fees: No hidden costs or surprise fees, and you get full visibility into your payment process.
Compliance: Lumanu handles all tax forms, compliance, and reporting obligations, and minimizes vendor risk with thorough onboarding processes. Since Lumanu is your vendor we are responsible for all creator compliance and tax filings.
Marketing Teams & Agencies:
Instant Influencer Payments: Keep influencers happy with Lumanu’s instant payment option. If enabled on your account, influencers have the option of receiving funds once campaign deliverables are approved.
Project Wallets: Manage campaign budgets in real-time with dedicated financial tracking for each project.
Better Relationships with Creators: Real-time human support ensures smoother transactions and helps build long-term trust with influencers.
Lumanu has dedicated support for teams using Lumanu as well as your influencer partners ensuring that any potential issues are resolved quickly.
Ready to Switch to Lumanu?
If you're tired of dealing with PayPal's limitations and are looking for a more professional, compliant, and transparent payment solution, it's time to make the switch. Lumanu offers everything large brands and agencies need to streamline their payments and build better relationships with influencers.
Talk to our team to see how Lumanu can transform the way you manage payments and compliance for influencer campaigns.
PayPal is convenient for smaller transactions and it’s not surprising that many companies start off using PayPal to pay creators, after all everyone has a PayPal account, right?
Managing influencer payments is complex, especially for large brands and agencies with high volumes of payments and defined financial controls. The reality is that Paypal does not cut it when managing large-scale influencer campaigns.
When Obviously switched from PayPal to Lumanu, Justin Vatz (CFO) said -
“PayPal is useful for smaller operations, but as we grew, cracks started to show—there was very little visibility into payments, it was very manual, and if something went wrong there was effectively no support.”
Important Disclaimer:
If you use an influencer platform to manage your campaigns, make sure you understand how that platform handles payments. If the platform uses PayPal for disbursements, many of the issues outlined below—such as compliance gaps, high fees, and poor support—will still apply. It may not be your fault, but when problems arise with payments, it will be your responsibility to resolve them with your influencers.
Why Large Brands & Agencies Switch from PayPal to Lumanu
Improved Accounting & Reconciliation
Lumanu integrates directly with your internal financial systems, providing seamless management of payments alongside invoices and purchase orders (POs). This ensures easy reconciliation, allowing finance teams to match payments against campaigns and contracts. It’s ideal for brands with strict "No PO, No Pay" policies.
Lumanu provides real time reporting and visibility across payments at the campaign and project level. Custom variables give quick visibility and easier reconciliation.
PayPal was not built to support accounting or reconciliation workflows, creating manual work for finance teams and increasing the likelihood of errors. This slows down payment reconciliation and adds friction to your finance operations.
Faster payments
For large companies, hooking up a bank account to PayPal for ACH debit is often a non-starter. There's really no way to get money to PayPal faster than five business days and the process of doing so requires some creativity by the Finance team.
Lumanu is built on modern banking practices. All incoming funds are linked to an associated invoice and PO (if needed for your policy). Funds are reflected in a dedicated Lumanu account within minutes after receipts.
PayPal charges recipients 1.75% for same day payments while Lumanu does not charge your partners and transfers funds via same day ACH as standard practice.
Cost-Effective Payments without Hidden Fees
Lumanu offers transparent, predictable pricing. You avoid the high transaction fees and currency conversion markups common with PayPal. By eliminating hidden costs, you can allocate more of your budget to the campaigns and influencers that matter most.
For sending payments, PayPal charges up to 2.9% + fixed fees on transactions, with hidden currency conversion markups that can reach as high as 10%. These fees add up, particularly for global campaigns, eating into your campaign budget.
Master Vendor Approach: Built for Enterprise-Level Compliance
Lumanu acts as your single vendor for all creator payments. This means you don't have to deal with tax form collection or filings. Lumanu gives creators as consumer grade experience while proving enterprise-level compliance. Our platform is built to minimize vendor risk according to your procurement policies. We verify identity, business info, conduct TIN checks, scan global watchlists, and verify bank account ownership—ensuring every creator meets your compliance standards.
Lumanu gives your procurement team the tools to manage risk while offering a consumer-grade experience for creators, ensuring that approval workflows are upheld while making it easy for influencers to get onboarded without unnecessary friction.
PayPal, on the other hand, is designed for consumer and small business payments. While PayPal does operate as a third party settlement organization and handles tax filings, it lacks the robust onboarding and compliance controls needed by large brands and agencies, leaving you exposed to potential vendor risk and compliance gaps.
Project-Level Financial Management
Lumanu allows you to allocate budgets to specific campaigns and track payments in real-time. Brands and agencies use Lumanu's project level budgeting to easily understand spent and remaining budget, ensuring complete financial transparency across all campaigns.
PayPal lacks project-level financial management, forcing you to track payments manually without a clear link to specific campaigns. This makes it hard to manage budgets across multiple campaigns effectively.
Built on Trust: Influencer Support & Reliability
Lumanu builds trust between you and your influencers by offering live human support for both parties. Unlike PayPal, which has a notoriously poor support experience, Lumanu ensures both your team and influencers get real-time assistance from experts. Whether it's resolving payment issues or answering tax questions, we are here to support you and your creators. This hands-on support strengthens your relationship with influencers and keeps your campaigns running smoothly.
PayPal offers no dedicated support for influencer issues, leaving you and your creators stuck chasing down subpar customer service when problems arise. It is virtually impossible to get support from PayPal in a timely manner.
Why Teams at Large Brands & Agencies Love Lumanu
Finance Teams:
Automated PO and Invoice Integration: No more manual reconciliation—Lumanu integrates with your ERP systems to streamline accounting.
Predictable, Transparent Fees: No hidden costs or surprise fees, and you get full visibility into your payment process.
Compliance: Lumanu handles all tax forms, compliance, and reporting obligations, and minimizes vendor risk with thorough onboarding processes. Since Lumanu is your vendor we are responsible for all creator compliance and tax filings.
Marketing Teams & Agencies:
Instant Influencer Payments: Keep influencers happy with Lumanu’s instant payment option. If enabled on your account, influencers have the option of receiving funds once campaign deliverables are approved.
Project Wallets: Manage campaign budgets in real-time with dedicated financial tracking for each project.
Better Relationships with Creators: Real-time human support ensures smoother transactions and helps build long-term trust with influencers.
Lumanu has dedicated support for teams using Lumanu as well as your influencer partners ensuring that any potential issues are resolved quickly.
Ready to Switch to Lumanu?
If you're tired of dealing with PayPal's limitations and are looking for a more professional, compliant, and transparent payment solution, it's time to make the switch. Lumanu offers everything large brands and agencies need to streamline their payments and build better relationships with influencers.
Talk to our team to see how Lumanu can transform the way you manage payments and compliance for influencer campaigns.
PayPal is convenient for smaller transactions and it’s not surprising that many companies start off using PayPal to pay creators, after all everyone has a PayPal account, right?
Managing influencer payments is complex, especially for large brands and agencies with high volumes of payments and defined financial controls. The reality is that Paypal does not cut it when managing large-scale influencer campaigns.
When Obviously switched from PayPal to Lumanu, Justin Vatz (CFO) said -
“PayPal is useful for smaller operations, but as we grew, cracks started to show—there was very little visibility into payments, it was very manual, and if something went wrong there was effectively no support.”
Important Disclaimer:
If you use an influencer platform to manage your campaigns, make sure you understand how that platform handles payments. If the platform uses PayPal for disbursements, many of the issues outlined below—such as compliance gaps, high fees, and poor support—will still apply. It may not be your fault, but when problems arise with payments, it will be your responsibility to resolve them with your influencers.
Why Large Brands & Agencies Switch from PayPal to Lumanu
Improved Accounting & Reconciliation
Lumanu integrates directly with your internal financial systems, providing seamless management of payments alongside invoices and purchase orders (POs). This ensures easy reconciliation, allowing finance teams to match payments against campaigns and contracts. It’s ideal for brands with strict "No PO, No Pay" policies.
Lumanu provides real time reporting and visibility across payments at the campaign and project level. Custom variables give quick visibility and easier reconciliation.
PayPal was not built to support accounting or reconciliation workflows, creating manual work for finance teams and increasing the likelihood of errors. This slows down payment reconciliation and adds friction to your finance operations.
Faster payments
For large companies, hooking up a bank account to PayPal for ACH debit is often a non-starter. There's really no way to get money to PayPal faster than five business days and the process of doing so requires some creativity by the Finance team.
Lumanu is built on modern banking practices. All incoming funds are linked to an associated invoice and PO (if needed for your policy). Funds are reflected in a dedicated Lumanu account within minutes after receipts.
PayPal charges recipients 1.75% for same day payments while Lumanu does not charge your partners and transfers funds via same day ACH as standard practice.
Cost-Effective Payments without Hidden Fees
Lumanu offers transparent, predictable pricing. You avoid the high transaction fees and currency conversion markups common with PayPal. By eliminating hidden costs, you can allocate more of your budget to the campaigns and influencers that matter most.
For sending payments, PayPal charges up to 2.9% + fixed fees on transactions, with hidden currency conversion markups that can reach as high as 10%. These fees add up, particularly for global campaigns, eating into your campaign budget.
Master Vendor Approach: Built for Enterprise-Level Compliance
Lumanu acts as your single vendor for all creator payments. This means you don't have to deal with tax form collection or filings. Lumanu gives creators as consumer grade experience while proving enterprise-level compliance. Our platform is built to minimize vendor risk according to your procurement policies. We verify identity, business info, conduct TIN checks, scan global watchlists, and verify bank account ownership—ensuring every creator meets your compliance standards.
Lumanu gives your procurement team the tools to manage risk while offering a consumer-grade experience for creators, ensuring that approval workflows are upheld while making it easy for influencers to get onboarded without unnecessary friction.
PayPal, on the other hand, is designed for consumer and small business payments. While PayPal does operate as a third party settlement organization and handles tax filings, it lacks the robust onboarding and compliance controls needed by large brands and agencies, leaving you exposed to potential vendor risk and compliance gaps.
Project-Level Financial Management
Lumanu allows you to allocate budgets to specific campaigns and track payments in real-time. Brands and agencies use Lumanu's project level budgeting to easily understand spent and remaining budget, ensuring complete financial transparency across all campaigns.
PayPal lacks project-level financial management, forcing you to track payments manually without a clear link to specific campaigns. This makes it hard to manage budgets across multiple campaigns effectively.
Built on Trust: Influencer Support & Reliability
Lumanu builds trust between you and your influencers by offering live human support for both parties. Unlike PayPal, which has a notoriously poor support experience, Lumanu ensures both your team and influencers get real-time assistance from experts. Whether it's resolving payment issues or answering tax questions, we are here to support you and your creators. This hands-on support strengthens your relationship with influencers and keeps your campaigns running smoothly.
PayPal offers no dedicated support for influencer issues, leaving you and your creators stuck chasing down subpar customer service when problems arise. It is virtually impossible to get support from PayPal in a timely manner.
Why Teams at Large Brands & Agencies Love Lumanu
Finance Teams:
Automated PO and Invoice Integration: No more manual reconciliation—Lumanu integrates with your ERP systems to streamline accounting.
Predictable, Transparent Fees: No hidden costs or surprise fees, and you get full visibility into your payment process.
Compliance: Lumanu handles all tax forms, compliance, and reporting obligations, and minimizes vendor risk with thorough onboarding processes. Since Lumanu is your vendor we are responsible for all creator compliance and tax filings.
Marketing Teams & Agencies:
Instant Influencer Payments: Keep influencers happy with Lumanu’s instant payment option. If enabled on your account, influencers have the option of receiving funds once campaign deliverables are approved.
Project Wallets: Manage campaign budgets in real-time with dedicated financial tracking for each project.
Better Relationships with Creators: Real-time human support ensures smoother transactions and helps build long-term trust with influencers.
Lumanu has dedicated support for teams using Lumanu as well as your influencer partners ensuring that any potential issues are resolved quickly.
Ready to Switch to Lumanu?
If you're tired of dealing with PayPal's limitations and are looking for a more professional, compliant, and transparent payment solution, it's time to make the switch. Lumanu offers everything large brands and agencies need to streamline their payments and build better relationships with influencers.
Talk to our team to see how Lumanu can transform the way you manage payments and compliance for influencer campaigns.
By
Lumanu
Oct 29, 2024
© 2024 Lumanu, Inc. All Rights Reserved.
Lumanu, Inc. is a financial technology company and not a bank. Lumanu accounts are provided by i3 Bank, Member FDIC.
© 2024 Lumanu, Inc. All Rights Reserved.
Lumanu, Inc. is a financial technology company and not a bank. Lumanu accounts are provided by i3 Bank, Member FDIC.
© 2024 Lumanu, Inc. All Rights Reserved.
Lumanu, Inc. is a financial technology company and not a bank. Lumanu accounts are provided by i3 Bank, Member FDIC.
© 2024 Lumanu, Inc. All Rights Reserved.
Lumanu, Inc. is a financial technology company and not a bank. Lumanu accounts are provided by i3 Bank, Member FDIC.
© 2024 Lumanu, Inc. All Rights Reserved.
Lumanu, Inc. is a financial technology company and not a bank. Lumanu accounts are provided by i3 Bank, Member FDIC.