Yes, we will require you to open a Digital Wallet on our platform to use Daily Advance. However, you can apply to see if you are eligible for the Daily Advance before opening a Wallet.
We require the Digital Wallet because that will be where your daily amounts are sent and will also be where we collect payments from once the marketplace makes its payment.
The Wallet has its own approval and screening process to comply with applicable financial regulations.
Opening a Digital Wallet has many additional benefits such as the ability to hold multiple currencies, easily pay suppliers, and transfer money locally or to foreign accounts with low fees.