What happens to my payments once they are received in my Global Collection Account?
For businesses based in Australia, Singapore, once they receive the funds in their Global Collection Account, they have the flexibility to utilise them for future transactions, exchange between wallets to fund a transaction, or decide to hold the funds as desired.
For businesses based in Malaysia, Hong Kong, India or Indonesia, after funds are received in their Global Collection Account, they remain there until midnight. At midnight, the funds are automatically transferred to their linked local bank account.
Related FAQs
Can I receive money with an Instarem business account? What is a Global Collection Account? How do I know if the Global Collection Account is right for my business? Is there a limit on the amount I can receive via the Global Collection Account? How much does the Global Collection Account cost?Didn’t find what you were looking for?
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