What are wallets and how does money move between them?
A wallet is a balance inside Fynex, held per currency. Payments and splits move money into wallets; payouts move it out to a real bank account. Every movement is recorded, so balances always reconcile.
A wallet is a balance held inside Fynex, in a specific currency. When you take a payment or run a split, money lands in a wallet; when you pay out, money leaves a wallet for a real bank account. You’ll have your own wallet, and each payee has one too. Every movement is recorded as a ledger entry, so balances always add up.
How money flows
- In — a customer payment (or the share from a split) credits a wallet.
- Held — the balance sits in the wallet until you move it. You can hold a balance per currency.
- Out — a payout debits the wallet and sends the money to a bank account. See How do I add a bank account for payouts?
Why balances always reconcile
Fynex records every credit and debit as a paired entry (double-entry bookkeeping), so a wallet’s balance is always the exact sum of what came in minus what went out. That’s what lets reconciliation match every payout back to the payments behind it.
A note on currency
Wallets are per-currency, and a payout must be in the same currency as the wallet it comes from. If you hold a balance in one currency and need to pay in another, that’s a currency conversion step, not a direct payout.