Question 1

What is the Treyd Wallet?

Accepted Answer

Treyd Wallet is a free multi-currency account included for all customers. It's your own wallet in your company's name with its own bank account details.

Question 2

What it does

Accepted Answer

The Wallet lets you:

- Pay suppliers on behalf of your company, using your Treyd credit limit
- Unlock cash from your customer invoices immediately
- Exchange currencies seamlessly in one place
- Settle Treyd invoices

Question 3

Why repay through your Treyd Wallet?

Accepted Answer

Paying through your Treyd Wallet is the simpler route, here's why:

- Avoid intermediary fees: Instead of making an international transfer to the creditor, you can make a local payment into your Treyd Wallet.
- Automatic allocation: As soon as the funds arrive in your wallet, they're automatically applied to the invoice and forwarded to the creditor.
- Immediate confirmation: Because the payment is matched instantly, your Treyd limit's unlocked faster than if you pay the creditor directly.

Question 4

Is it mandatory to use your Treyd Wallet?

Accepted Answer

You don't have to, but it's worth it – the wallet route is faster and saves you on fees. However, you may also repay the creditor directly from another of your accounts if you prefer.

Question 5

What's important to know about Treyd Wallet for accountants?

Accepted Answer

When topping up the Treyd Wallet, you're technically sending funds to an account in your company’s name, even though the intention is to pay a creditor.

Treyd then automatically allocates the funds to the creditor – and settles the invoice on your behalf. Once the funds are received, your payment obligation is considered fulfilled.

You'll also receive a settlement confirmation once the funds are forwarded to the creditor, making it easy to reconcile the payment in your books.

The simpler way to repay Treyd

The Treyd Wallet, explained

How it works

1. Top up your Treyd Wallet

2. Treyd settles the invoice automatically

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