Connected Account (CA) transfers

Connected account transfers allow platforms to issue an instruction to debit its own wallet and credit the amount to the wallet of a connected account in the same currency. This action may support payment of commissions, proceeds of sale or refunds.

Platforms can also issue transfer instructions on behalf of a connected account subject to authorization from the connected account. For example, when a platform's counterparty wishes to settle a fee with the platform to reflect a record of this commercial activity, the platform can instruct Airwallex to debit the connected account wallet and credit its own wallet. Because transfers occur within the Airwallex ecosystem, rapid settlement of funds to the target wallet occurs.