B2B Collections

Multi-currency collection for cross-border B2B businesses using local rails

Cross-border B2B businesses often need to collect from buyers in multiple currencies, but want to hold in a single primary currency. Doing this through traditional SWIFT transfers is slow, expensive, and exposes both sides to FX losses. Tazapay lets buyers pay via local virtual accounts in their own currency, with funds pooled into the business’s chosen holding currency.

How Tazapay Helps

Multi-currency Collection

Local virtual accounts in AUD, EUR, SGD, USD and more — buyers pay via local rails, not SWIFT. Local rails are significantly cheaper and faster.

Pooled in Tazapay Wallet

All incoming funds pool into a single Tazapay wallet in your chosen holding currency.

Withdraw / Use at Will

Convert and withdraw to your local bank account when it suits you — not on every transaction. Or utilise this balance for payouts.

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Example: A Business in China Collecting Globally in CNY

A business in China wants exposure in CNY, but has buyers paying in AUD, EUR, SGD, and USD. The business provisions local virtual accounts in each buyer currency and pools everything into CNY in their Tazapay wallet.

1. Request Virtual Accounts

   Request virtual accounts in the buyer currencies you need (AUD, EUR, SGD, USD).

2. Share Account Details with Buyers

   Share local account details with buyers so they can pay via local rails.

3. Funds Arrive in Tazapay

   Each incoming payment creates a collect, which is screened for compliance and credited.

4. Credit with FX Applied

   On credit, funds in non-holding currencies are converted to CNY and pooled in the Tazapay wallet — FX happens during the credit, not as a separate step.

5. Withdraw on Demand

   Withdraw to the business’s CNY bank account whenever needed.

Flow Diagram

FX happens during credit — there is no separate FX step. Non-CNY collects land directly in the business’s CNY balance with FX applied at the point of credit.

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APIs Involved

Purpose	API	Endpoint
Fetch a collect	Fetch Collect	/v3/collects/{id}
Collect webhooks	Collect Webhooks	collect.*
View holding balances	Fetch Balances	/v3/balances
FX details on credit	FX Transaction	/v3/fx
Withdraw via payout	Create Payout	/v3/payouts
Reconciliation	Fetch Balance Transactions	/v3/balance_transaction/{id}

Tazapay handles:

• Multi-currency local rails
• Compliance screening
• FX conversion to the holding currency at credit time
• Reconciliation across buyer payments