👝 Settlement to Coinflow Wallet

Overview

Merchants now have the option to settle their funds directly into a Coinflow wallet. This option is recommended for Merchants unfamiliar with crypto wallets and want to leverage pay-ins and payouts with Coinflow. By choosing this option, Coinflow manages all fund transfers on your behalf, simplifying revenue collection and payouts.

Merchants can utilize a Coinflow wallet to:

• Consolidate all revenue from customer purchases into one place.
• Use the wallet balance for user payouts.
• Easily withdraw funds from the Coinflow wallet to your bank account at any time.

How to Configure Coinflow Wallet Settlement

1. Go to Settings > Earnings Settlement Settings. By default, Coinflow Wallet will be selected for new Merchants.
2. Under Coinflow Wallet (recommended) > Select Initialize Wallet

3. Authorize Coinflow to manage the transfer of funds.
4. Complete 2FA.

5. Withdraw Wallet Balance

   

Bank Settlement

Merchants can transfer funds from their Coinflow in-app wallet to their business bank accounts either manually through the UI or by enabling automated bank settlements. Automated settlements are processed via ACH and typically arrive within 3 business days.

To set up automated bank settlements:

1. Configure your Coinflow wallet
2. Navigate to the auto-bank settlement section in the dashboard
3. Use the dropdown to add your bank account
4. Select Use this bank for my purchase settlement to save your settings