01 Custody
Who holds the money when affiliates get paid?
Here is the part that is the same, and it matters.
LeadDyno's help centre lists three ways to pay: mark a commission paid after you have paid it yourself, pay one affiliate through PayPal after logging into your own account, or connect a PayPal business account and send a batch through PayPal Payouts. Their words: "The PayPal Payouts integration requires that you have a PayPal business account." The money goes from your PayPal to your affiliate. LeadDyno never holds it, so there is no cut.
AffiliateRail works the same way, one step further. It works out who is owed what, then logs into your own PayPal or Wise on a schedule and pays them. The money leaves your account and lands in theirs. Nobody selects a batch.