What is the difference between the Springly E-wallet and the Business Account?

Springly offers two distinct services:

• the E-wallet, which lets your members pay by credit card through your campaigns (memberships, donations, etc.);
• the Business Account, which gives your nonprofit its own IBAN and payment card, among other features.

Both help you manage your nonprofit's finances, but they serve different purposes and offer different features.

Here's a quick overview to help you tell them apart!

• What is the E-wallet?
• What is the Business Account?
• How do the E-wallet and Business Account relate to each other?

What is the E-wallet?

The E-wallet lets you collect credit card payments for memberships, donations, events, and your online shop.

To get started, you'll need to set up your E-wallet. This service is completely free.

Think of it as a digital wallet where credit card payments land. From there, you can transfer the funds to your nonprofit's bank account.
Here's how it works:

You can access this module from your Springly platform by going to Payments > E-wallet (or Payments > Activation if you haven't set up your E-wallet yet).

What is the Business Account?

The Business Account gives nonprofits access to the following features, all built directly into Springly: accounts, payment cards, and wire transfers domestically and internationally.

You can access this module from the Springly platform by going directly to the Business Account menu.

How do the E-wallet and Business Account relate to each other?

On paper, the two are independent — they are genuinely separate services that serve different purposes.

That said, if you have a Business Account and also set up an E-wallet on Springly, you can use your Business Account IBAN to verify your E-wallet. This lets you transfer funds collected through your E-wallet directly to your Business Account.