What are Airwallex Scheduled Payments?

What are Airwallex Scheduled Payments?

ApprovalMax enriches batches with the Scheduling feature, which enables Payers in the Airwallex Batch Payment workflow to schedule, edit or cancel payments. Scheduling or editing a payment needs to be confirmed with a 2FA code (a cancellation does not).

The main reasons for scheduling payments are:
  1. Effective Cash Flow Management: synchronising cash outflows with revenue inflows ensures adequate funds for operational expenses, and enables the option to take advantage of investment opportunities.

  2. Budgeting and Planning: scheduling payments for when they are due allows to allocate funds accordingly and prevents unexpected financial stress.

  3. Vendor Agreements: observing payment conditions like net 15 (or 60) days strengthens the relationship with suppliers and helps when negotiating discounts or other favourable terms.


    • Related Articles

    • How can I edit a Scheduled Airwallex Payment?

      Payers can modify a Scheduled Airwallex Payment if it has not yet been sent for processing. This is how it works: In the Scheduled Payment, click on EDIT: Select a new payment date and time, and click on SAVE: The available period for scheduling a ...

    • Does ApprovalMax support Airwallex Scheduled Payments?

      Yes, ApprovalMax does support Airwallex Scheduled Payments. Users can plan the payments through Airwallex for processing at designated dates and times to ensure prompt and effective processing.

    • How can I cancel a Scheduled Airwallex Payment?

      Payers in the Airwallex Batch Payment workflow can cancel a Scheduled Payment if it has not yet been sent to Airwallex for processing. This is how it works: In the Scheduled Payment, click on CANCEL: Confirm the cancellation: The cancellation of a ...

    • How can I schedule an Airwallex Payment?

      Payers in the Airwallex Batch Payment workflow can schedule Batch Payments that are Awaiting Payment but need to confirm with a 2FA code. This is how it works: Open an Airwallex Batch Payment with the Awaiting Payment status. Click on PAY WITH ...

    • Troubleshooting: a Scheduled Airwallex Payment has been rejected

      Common reasons for the rejection of a Scheduled Airwallex Payment are: Airwallex is disconnected from your ApprovalMax Organisation The Airwallex balance is not sufficient to make this Payment The Beneficiary was edited or deleted The Payment amount ...