Settle into your Airwallex balance

When you use Airwallex Payments, you automatically benefit from the Airwallex balance. This enables faster, lower-cost settlements and lets you settle in more currencies on a like-for-like basis. Here’s how it works.

1. Set your settlement currencies during onboarding: During onboarding, define your principal settlement currencies and a fallback settlement currency. Ensure all of these currencies are enabled and visible in your Airwallex balance to avoid unexpected FX conversions.
2. Periodic settlement to your Airwallex balance: Airwallex periodically clears its position with you in batches and settles the net amounts to your Airwallex balance, in each currency where positions are cleared. Settlement timing varies by payment method, your settlement policy, and other factors, and may occur after funds are received from the shopper.
3. Net settlement by currency: Settlements are calculated on a net basis. For example, if you process 200 SGD in transactions, issue 10 SGD in refunds, have no chargebacks, and a 5% rolling reserve applies, Airwallex will settle a single net amount of 187.80 SGD (with fees also netted) to your SGD Airwallex balance. The same process applies to each currency in your principal settlement currencies list.
4. FX conversion for non-like-for-like transactions: For transactions processed in currencies that are not included in your principal settlement currencies, an FX conversion will be applied to your fallback settlement currency. Once all fees and costs are netted, these amounts are settled to your fallback currency balance.
5. Use or withdraw your settled funds: Once funds are available in your Airwallex balance, you can choose how to use them. You can withdraw them to one of your bank accounts (manually or automatically), convert them via FX, or use them for other supported actions within Airwallex. This flexibility helps you avoid unnecessary FX costs when you know you’ll need a specific currency for business activities such as paying suppliers or repatriating funds.