Overview

This guide outlines the key status fields, wallet types, and transaction limits associated with PayMongo Wallets to help you monitor and manage wallet activity effectively. If you're building wallet-based flows, managing user access, or troubleshooting issues, understanding wallet status is crucial for a seamless experience.

Refer to this guide alongside the Wallet Account Resource to ensure accurate handling of wallet states in your integration.

Statuses

Wallet Status	Meaning
Activated	Wallet is active and can be used for Wallets & Transfers.
Deactivated	Wallet is inactive and cannot be used for Wallets & Transfers.

Wallet Types and Balance/Transaction Limits

PayMongo Wallets come in different types, each with specific balance and transaction limits to suit varying business needs. Your wallet type is determined during your account setup and verification.

Wallet Type	Balance Limit	Cash-in Transactions (Top-up, Payouts, Transfers In)	Cash-out Transactions (Withdrawal, Send Money, Batch Disbursements)
Elite Wallet	PHP 75,000,000.00	No daily limit PHP 75,000,000.00 monthly limit	PHP 5,000,000.00 daily limit No monthly limit
Enterprise Wallet	PHP 50,000,000.00	No daily limit PHP 50,000,000.00 monthly limit	PHP 1,000,000.00 daily limit No monthly limit
Business Wallet	PHP 40,000,000.00	No daily limit PHP 40,000,000.00 monthly limit	PHP 500,000 daily limit No monthly limit
Standard Wallet	PHP 15,000,000.00	No daily limit PHP 15,000,000.00 monthly limit	PHP 250,000 daily limit No monthly limit