This article gives an overview of Viably Global Accounts and the partnership with Airwallex.
Your global ecommerce business needs a global account that brings together your financial needs and data in one place. Stop shifting the funding you receive from Viably to an external bank or foreign currency account - easily tackle all your global payments and financial needs with any currency in your Viably Global Account!What is a Viably Global Account?
A Viably Global Account is a business bank account that can store multiple currencies, helping sellers pay and get paid, across the regions they rely on to run their business. With a Viably Global Account, you can optimize how you run and grow your business:- Make cross-border payments to suppliers and easily buy inventory internationally.
- Get paid from your global marketplaces, in different currencies. Selling in the US and in Mexico? Get payouts in both USD and Pesos!
- Easily send money anywhere in the world to pay suppliers, vendors, subscriptions, and even yourself!
Sellers can use their virtual Viably multi-currency debit cards (issued by Visa) to help make global payments. Use for your advertising spend, recurring subscriptions, or to cover any additional expenses that come up, as you grow. Put money back in your pocket, and earn up to 2% cash back on qualifying purchases made with your Viably Global debit card.
Your Viably Global multi-currency account and its payment services are provided through Airwallex US, a trusted and secure global payments provider.
How does my Viably Global Account differ from a business account?
Your Viably Global Account helps better support your global ecommerce business, as it is a multi-currency account. You can more easily make and receive global payments, in different currencies, through the international SWIFT network and local payment systems. That means you can both make cross border payments and receive payouts, in your desired currency.
Your Viably Global account will help collect payments you receive. Unlike a business account that only holds USD, you can choose which currency should receive your payouts. In addition to getting paid in multiple currencies from the regional marketplaces you sell in, you can easily convert and make payments in different currencies.
The funds in your Viably Global Account (provided by Airwallex) are safeguarded. While our partner, Airwallex is not a bank itself, they partner with banks worldwide to offer their services with FDIC insurance coverage and Money Transmitter Licenses (MTLs). In short, USD funds connected to Airwallex Payment services are FDIC insured, funds held in other currencies are under Airwallex safeguarding. More details around how Airwallex keeps Viably customers' money safe, can be found here.