Every Moov account can request one wallet, as long as the account meets the wallet capability requirements. A Moov wallet holds funds and can be used as a source or destination for any transfer involving a wallet. Moov automatically creates a
moov-wallet payment method when the
wallet capability is enabled for an account.
collect-funds will have the
wallet capability automatically enabled too.
A wallet allows for flexibility on when and how you’d like to move funds. You can accomplish the following with a wallet:
- Accumulate collected payments
- Transfer funds between Moov wallets for instantly available funds
- Pre-fund your wallet for faster payouts
- Cash out from your wallet at any time
See the articles in this section for more information on wallet balances and transaction details.