Creating a wallet

A wallet in Flexprice acts as a virtual account linked to a customer. It allows for storing and managing credits that can be applied toward subscription payments, usage-based charges, or other transactions.

Flexprice enable you to manage prepaid credits for your customers. These are credits added to a wallet and can be consumed for billing purposes. Wallets ensure an efficient and transparent mechanism for credit handling, aligning with subscription and usage-based pricing models. Wallets operate in a defined currency and can be topped up manually or automatically.

Creating a Wallet

• Go to the Customers section in the dashboard.

• Select the desired customer.

• Navigate to the Wallet tab in the customer’s profile.

• If no wallet exists for the customer, you will see a message: “No wallet linked to the customer yet.”

  

• Click the Add Wallet button to open the wallet creation form.

• Fill out the following details:

  

  • Wallet Name: Assign a name to the wallet. By default, it will be “Prepaid Wallet.”

  • Currency: Select the currency in which this wallet will operate (e.g., USD, INR). Note: Only one active wallet per currency is allowed for a customer. If a wallet for the selected currency already exists, you must deactivate it before creating a new one.

  • Currently, only Free Credits can be added. These credits do not generate an invoice, as they are granted without charge. Also, the credit-to-currency ratio is 1:1 (e.g., 1 credit equals 1 USD or 1 INR)

  • Click Save Wallet to finalise the creation process.

• The wallet will now appear in the Wallet tab for the customer, showing the balance and available credits.