On the Finances page, you will see three tabs based on your permissions and products you’ve signed up for: Accounts, Settlements, and Payouts.
This article explains the Accounts tab in more detail.
📍 Where to find it:
Go to Finances > Accounts
The Accounts tab is a summary of your all different accounts balances. It’s visible to everyone, but the list of accounts you see are dependent on the Mamo products you use, e.g. payment links, corporate cards, etc.
Here are the types of accounts you could see:
AED Payments account
When you receive payments from your customers, whether via payment links, subscriptions or integrated website checkout, your funds will reflect in real-time in your AED Payments account. From here, you can manage your money in whichever way you want:
Collect payments from various channels directly into your Mamo balance
Fund corporate cards without the need for external bank transfers
Make payouts to vendors or suppliers using your collected earnings
The total balance is broken down into two sub-balances, depending on where your funds are:
Upcoming funds: When you receive a payment, it’s immediately reflected in your “Upcoming funds” and stays here for the number of days based on the schedule you’ve chosen. The standard settlement schedule is 5 business days, during which funds will stay in “upcoming funds” after receiving a payment. After 5 business days, the funds move to your “Available balance”.
Available balance: Your available balance is a breakdown of your payments, transfers, fees, and other balance updates in real-time. Once your funds are made available, you can use it for topping up your card balance, initiating payouts, or settling to your bank account. The amount in your available balance is the net amount after Mamo has deducted the payment transaction fees.
The AED Payment account is only visible to merchants that use Mamo to collect payments.
💡 You can adjust your settlement schedule by going to Finances > Preferences. Current settlement period options are 5 business days, 3 business days, or same business day.
Debit card account
Funds that you make available for spending on your Mamo cards will be reflected in your Debit card account. You can top up your Debit card account by transferring funds from your AED Payments account or Cashback rewards account, or by initiating a bank transfer from your bank account to Mamo.
Your Debit card account is a pooled balance for all your cards. For example, if you have AED 100,000 in your Debit card account balance, and you have 6 issued cards for your employees, all 6 cards would utilize from the pooled balance. You can restrict access to how much of the pooled balance each card can utilize by setting spend controls and policies on your cards.
The Debit card account is only visible to merchants who have signed up for the Mamo Card.
Cashback rewards
When spending on your Mamo cards in non-AED, you will receive up to 2% cashback. You can use the cashback to fund your Payments account or top up your Debit card account.
➡️ Next up:
Read about the actions you can take from your Finances page.