A merchant wallet is a digital wallet account that a business uses to receive payments from customers, hold the resulting balance and then withdraw, transfer or spend it. Merchant wallets are common in mobile money systems, super apps and QR code payment schemes, where a shop displays a code or till number and customers pay from their own wallets. They also exist in crypto, where a business receives coins or stablecoins to a dedicated address. Compared with a consumer wallet, a merchant wallet usually has higher wallet limits, sales reports, staff access controls and tools for refunds and settlement to a bank account. Because merchants handle more money, providers apply business checks such as know-your-business verification before opening one. The balance is typically e-money held by the wallet provider, recorded in its wallet ledger and backed by safeguarded funds.
Last updated 15 Nov 2026