One sequence: the business is onboarded, the programme is funded, funds are collected or converted, then paid out on the rail the recipient can use.
The client is a company, not a walk-in retail customer. PaySquirl reviews the entity, controllers and intended use of the account. Recipients are added later by that business when it needs to pay them.
A business account is the operating layer. Wallets, Multi-IBAN, eCommerce collection, FX, mass-payments and card issuing sit on that programme where they have been enabled — not as separate retail products.
The company funds the programme and, where enabled, collects from counterparties on local or international rails. 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.
FX is account conversion: turn collected balances into the currency you will hold or pay, then send on a local rail where the corridor supports it. It is not a standalone trading book.
Pay employees, suppliers or other recipients from the same dashboard. Mass-payments use last-mile rails (bank credit, wallets, cards or pickup) under the programme. Recipients can hold a wallet balance or spend on a card where issuing is enabled.
The client dashboard is at paysquirl.fintekbox.net.