Wix Checking
What is Wix Checking?
Wix Checking is a business checking account that is fully integrated into the Wix ecosystem. It is a financial product, offered in partnership with a bank, that allows business owners to manage their income and expenses directly from their Wix dashboard. The key feature of this account is its seamless connection to Wix Payments. Instead of waiting several days for sales revenue to arrive in your external bank account, with Wix Checking you can receive payouts as early as the next business day. The account also comes with a Mastercard debit card for business expenses.
How to use Wix Checking in your work?
A business owner using Wix Payments can apply to open a Wix Checking account directly from their dashboard. Once approved, they can select this account as their primary destination for payouts from Wix Payments. All revenue from sales in Wix Stores, Wix Bookings, or via Wix Invoices will be deposited into this account. The debit card can be used to pay for business expenses, such as purchasing inventory or marketing services. In the Wix dashboard, the account owner can track their balance, view transaction history, and manage their finances without leaving their main work environment.
What advantages does it provide and what problems does it solve?
The main advantage of Wix Checking is faster access to funds. The service solves the critical cash flow gap problem for small businesses by reducing the payout waiting time from several days to just one. This significantly improves the company's cash flow. The platform solves the challenge of centralizing financial operations: instead of switching between the site's dashboard and a banking app, you manage your core finances in a single interface. The absence of monthly maintenance fees and minimum balance requirements makes it an attractive solution. Ultimately, Wix Checking simplifies financial management and gives businesses greater flexibility.
How to integrate Wix Checking with other services?
Wix Checking is the endpoint for financial flows within Wix. Its main and most powerful integration is with Wix Payments. All revenue processed by Wix Payments (from Wix Stores, Wix Bookings, Wix Events, Wix POS, etc.) can be directed straight to a Wix Checking account. This creates a fully closed-loop and efficient financial ecosystem. You receive money from sales via Wix Payments into your Wix Checking account and then spend it using the Wix debit card. This simplifies reporting and gives CEOs and financial managers a clear picture of the flow of funds within the business.
