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 GBP Wallet.
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.
