Setting up your company wallet
Your GIFQ company wallet holds the funds you draw on for orders and payouts. It's organized by currency, and there's nothing to set up manually — this article explains how it works.
One balance per currency
Your wallet holds a separate balance for each currency. Orders and payout dispatches are charged against the balance in the relevant currency, atomically — if that currency's balance is short, the request fails and nothing is charged.
There's no setup step
The wallet is not created at signup, and you don't need to configure anything. A balance for a given currency is created automatically the first time you complete a top-up in that currency. Until your first top-up, your wallet simply shows zero balances for the supported currencies.
Supported currencies
EUR, USD, GBP, and INR are the prioritized wallet currencies and appear first in your wallet. Additional currencies are available on request. If you need to fund or pay out in a currency you don't see, ask your account manager to confirm availability.
How it relates to orders and FX
You don't need a balance in every currency you order in — pass a
payment_currencyto charge a different held balance, and GIFQ converts at the current rate plus a 1% FX fee.Every movement in or out of the wallet — top-ups, order charges, payout dispatches, refunds, FX conversions — is recorded as a transaction for reconciliation.
Good to know
Expired payouts are refunded back to the wallet automatically, in the original currency.
Fund the currencies you'll pay out in to avoid per-order FX fees, or rely on cross-currency charging and budget for the 1% fee.
Related: Getting Started with the GIFQ API.