Skip to content

Step&Hop Partner Wallet

Jump to bottom
sam2code edited this page Dec 29, 2025 · 3 revisions

Partner Wallet Policy Guide

Overview

The Supplier Wallet is a payables account system used by Owlhop to manage financial transactions with suppliers. It serves as an accounting mechanism to track money owed to suppliers and money that suppliers owe to the platform.

Important: The Supplier Wallet is NOT a cash transaction wallet like a bank account. Suppliers cannot directly deposit or withdraw money from it. All transactions are processed through the Owlhop platform by authorized administrators or automated systems.

What is the Supplier Wallet?

The Supplier Wallet is a digital account that tracks the financial balance between Owlhop and each supplier. It functions as a payables ledger where:

  • Credits = Money added to the wallet (increases balance)
  • Debits = Money removed from the wallet (decreases balance)

Key Characteristics

  1. Automatic Creation: A wallet is automatically created when a supplier is approved and activated in the system
  2. Initial Balance: All wallets start with a balance of ₹0
  3. Currency: All wallets use Indian Rupees (₹) as the currency
  4. Status: Wallets can be in one of three states:
    • Active: Wallet is operational and can process transactions
    • Suspended: Wallet is temporarily disabled
    • Closed: Wallet is permanently disabled

Clone this wiki locally