diff --git a/setup.py b/setup.py
index 39b665bb..428289e1 100644
--- a/setup.py
+++ b/setup.py
@@ -61,7 +61,7 @@
     url="https://github.com/ApeWorX/silverback",
     include_package_data=True,
     install_requires=[
-        "apepay>=0.3.1,<1",
+        "apepay>=0.3.2,<1",
         "click",  # Use same version as eth-ape
         "eth-ape>=0.7,<1.0",
         "ethpm-types>=0.6.10",  # lower pin only, `eth-ape` governs upper pin