diff --git a/tipbot/modules/payment.py b/tipbot/modules/payment.py
index 98d9c77..2aa6672 100644
--- a/tipbot/modules/payment.py
+++ b/tipbot/modules/payment.py
@@ -112,7 +112,7 @@ def UpdateCoin(data):
               if not recipient:
                 raise RuntimeError('Payment ID %s not found' % payment_id)
               account = redis_hget('accounts',recipient)
-              if accounts == None:
+              if account == None:
                 raise RuntimeError('No account found for %s' % recipient)
               log_info('UpdateCoin: Found payment %s to %s for %s' % (tx_hash,recipient, AmountToString(amount)))
               cp.hincrby('confirming_payments',account,amount)
@@ -138,7 +138,8 @@ def UpdateCoin(data):
                 recipient = GetIdentityFromPaymentID(payment_id)
                 if not recipient:
                   raise RuntimeError('Payment ID %s not found' % payment_id)
-                if accounts == None:
+                account = redis_hget('accounts',recipient)
+                if account == None:
                   raise RuntimeError('No account found for %s' % recipient)
                 log_info('UpdateCoin: Found payment %s to %s for %s' % (tx_hash,recipient, AmountToString(amount)))
                 pipe.hincrby("balances",account,amount)