Receive Funds in Wallets

Once your Platform wallet (default wallet) and your partners’ wallets are open, you can begin receiving funds into your Platform wallet.

The Platform wallet serves as your main account for settling all funds from your platform's business activities. After funds are settled into the Platform wallet, you can distribute the funds to the respective partner wallets or pay out your own business for platform commissions.

Once the funds are received in the Platform wallet (default wallet), the platform can initiate Split Payments to partner wallets or transfer their commission to their own IBAN operational account, effectively performing a payout to themselves.

The only two types of payments permitted for the Platform account are:

• Split – Transferring funds from the Platform wallet to a partner’s wallet.
• Payout – Transferring the platform's revenue to their own IBAN operational account (provided by Fondy).