Yes, we will require you to open a Alta Digital Wallet on our platform to use Daily Advance. However, you can apply to see if you are eligible for the Daily Advance before opening a Alta Digital Wallet.
We require the Alta Digital Wallet because that will be where your daily amounts are sent and will also be where we collect payments from one the marketplace makes it’s payment.
The Alta Digital Wallet has its own approval and screening process to comply with applicable financial regulations.
Opening a Alta Digital Wallet has many additional benefits such as the ability to hold multiple different currencies, easily pay suppliers, and transfer money locally or to foreign accounts with low fees.