ApprovalMax Pay Wallets let your Organisation hold and pay in multiple currencies. Each new currency you add creates a dedicated Wallet that works like a virtual local bank account.
Before you start:
Your Organisation must already have a funded base Wallet (GBP for UK Organisations or USD for US Organisations).
Only the Wallet Owner or Wallet Manager can add new currencies.
This is how you add a new currency:
Under the Wallets tab, click on the Three-dot icon and select "Add currency".
A list of supported currencies will appear.
Select one or more currencies you want to add and click on ADD.
A confirmation screen will appear and show the new currencies that will be added. ApprovalMax will also create corresponding bank accounts in Xero for these currencies. Click on CREATE to finalise.
Once confirmed, your new currencies will appear under the Wallets tab. The next step is to convert funds into these currencies so you can start making payments.
