Understanding Your Finmo Wallets

Payin Wallet

The Payin Wallet is used to collect funds from your customers. Once the funds are received, you can either settle them to your bank account or transfer them to your Payout Wallet for further use.

Payout Wallet

The Payout Wallet allows you to send funds to others for purposes like vendor payments or payroll. You’ll need to top up this wallet before making payouts, either by direct transfer or through a Wallet Fund Transfer (WFT) from your Payin Wallet.

Fees Wallet

The Fees Wallet keeps track of all transaction fees. It provides a clear, real-time view of the charges associated with each transaction.

Global Currency Account (GCA) Wallet

The GCA Wallet is used for international transactions, allowing you to both collect and send funds in various global currencies via wire (SWIFT) transfers. It simplifies cross-border collections and payouts in a single wallet.