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Business-originated payouts
Wallets exist so a business client can fund recipients. The commercial relationship starts with you, not with a consumer walking in for an account.
PaySquirl wallets are a disbursement tool for business clients. You onboard the recipients. You fund the wallets. They receive the payment, move it to themselves, or spend it on a card.
Individuals are onboarded by the business that needs to pay them β they do not arrive looking for a retail account.
Push one-off or recurring payouts from your PaySquirl business account into recipient wallets.
Recipients can hold the balance, send it to themselves, or spend available funds on a card.
Funding, recipient status and payout activity sit in the client dashboard.
Use wallets when your operating model depends on paying many individuals quickly, then letting them access those funds without you running a full retail banking programme.
Wallets exist so a business client can fund recipients. The commercial relationship starts with you, not with a consumer walking in for an account.
Each person you pay holds a wallet. They can move funds to themselves or spend on a card attached to that wallet.
Onboarding, funding and support stay with the business client. Recipients use the wallet to receive and use what you paid them.
PaySquirl Limited is not a bank and is not presently authorized to provide money services. An application to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for registration as a money services business remains pending (reference: PENDING). Until registration is granted, PaySquirl Limited does not offer or provide the services described on this website. Information here is general and is not an offer or solicitation.
Collect, convert and pay out from your operating account, then push those funds to the recipients you have onboarded.