Managing business payments and cash flow can be challenging but Cloudfloat Wallet makes it simple. With Cloudfloat Wallet, you can pay your suppliers immediately while choosing when to settle your own balance, giving your business more flexibility and control.
What is Cloudfloat Wallet?
Cloudfloat Wallet is a digital business wallet designed to streamline payments and cash flow management. It allows businesses to:
Pay suppliers instantly
Repay over time with flexible schedules
Track balances, payments, and invoices in one place
It’s part of Cloudfloat’s broader financial platform, built to make business transactions faster, smarter, and more transparent.
How It Works
1. Top Up Your Wallet
Add funds to your Cloudfloat Wallet via bank transfer, PayID, or card. Your wallet balance is then ready to use for payments and transactions.
2. Submit a Payment or Invoice
Upload supplier invoices or payment requests to the platform. Choose to either Pay Now or use Pay Later / Instalments.
3. Cloudfloat Pays Your Supplier
Once confirmed, Cloudfloat releases the payment to your supplier often the same day — helping maintain strong supplier relationships and avoiding payment delays though processing time to receive depends on the supplier's bank.
4. Repay Cloudfloat on Your Schedule
If you chose Pay Later, repay Cloudfloat over a set schedule, such as 30, 60, 90 up to 120 days. Automated instalments make it easy to stay on track, with notifications and balance tracking in your dashboard.
Benefits of Using Cloudfloat Wallet
Flexible cash flow — Pay suppliers immediately without impacting your working capital.
Transparent fees — No hidden charges or interest; only pay for what you use.
Rewards & cashback — Earn rewards on processing fees for completed payments.
Faster payments — Real-time supplier payments compared to traditional banking delays.
Simplified management — Track invoices, payments, and wallet balances in one dashboard.
Who Can Use Cloudfloat Wallet?
Cloudfloat Wallet is designed for Australian-registered businesses with a valid ABN and GST registration. It’s ideal for small to medium businesses that want to simplify payments and manage cash flow efficiently.
Topping up your Cloudfloat Wallet
On your Cloudfloat homepage, you’ll find your top-up wallet conveniently located on the right-hand side of the dashboard.
To begin the top-up process, simply navigate to the ‘Top Up’ button and click on it. Next, select the amount you would like to top up and click ‘Confirm’.
Once confirmed, you’ll see a message indicating that your top-up is being
processed. This will take just a few seconds to complete.
As soon as the process is completed, your wallet balance will automatically update, and a confirmation message will appear to let you know your top-up was successful. And that’s it!
Topping up your wallet is fast, easy, and keeps your finances ready to go with Cloudfloat.
How to Top Up Your Cloudfloat Wallet with PayID or Bank Transfer
With PayID or Bank Transfer, you can top up your Cloudfloat Wallet instantly and avoid card fees. Once registered, you’ll have a unique PayID email that lets you transfer funds quickly and securely from your bank.
Step 1: Navigate to Wallet Top Up
Log in to your Cloudfloat dashboard.
Go to Wallet → Top Up.
Step 2: Register Your PayID Email
Select PayID or Bank Transfer as your top-up method.
Choose your preferred PayID email.
Click Register.
⚠️ Once registered, this email becomes your unique PayID for Cloudfloat Wallet.
Step 3: Top Up Using PayID
Open your online banking app.
Select PayID transfer.
Enter your unique Cloudfloat PayID email.
Enter the amount you’d like to transfer.
Confirm the transfer.
✅ Funds will usually appear in your Cloudfloat Wallet instantly.
Step 4: Top Up Using Bank Transfer
From your Cloudfloat dashboard, copy the BSB and Account Number linked to your PayID.
In your online banking app, set up a new transfer using these details.
Always include Cloudfloat reference in the payment description.
First time transfers can take 1–2 business days depending on your bank.
📌 Benefits of PayID / Bank Transfer
No card fees → every top-up is free.
Instant Wallet balance.
Greater flexibility → use Wallet funds to:
Pay suppliers instantly
Cover scheduled repayments
Maintain smoother cashflow without waiting on banks.
Earn cashback on transactions
⚡ Pro Tip: Save your Cloudfloat PayID email in your banking app for one-tap top-ups.
Setting up auto-recurring Top-Ups on your Cloudfloat account
To set up a recurring top-up for your Cloudfloat wallet, navigate to your account settings.
Click on the ‘Payments’ tab. Here, you’ll find a wallet section with an option for recurring top-up.
Click on the ‘Setup’ button, then choose the amount and frequency you would like to top up. Once you’ve made your selections, click ‘Confirm'.
By enabling recurring auto top-ups you will automatically receive 15% cashback on processing fees (excluding GST).
Smart Top-Up: Set & Forget, Never Miss a Beat
What if your wallet could think ahead?
Smart Top-Up does exactly that.
With Smart Top-Up, your Cloudfloat Wallet automatically keeps itself funded. Each time you make a wallet payment, the system checks whether your balance is about to dip below your chosen threshold. If it is, Cloudfloat instantly tops you up using your saved payment card.
It’s cashflow on cruise control, always on, always ahead.
💳 How It Works
Set your threshold – Go to Settings > Payment in your Cloudfloat app and select your preferred balance threshold.
Make a payment – Pay a supplier directly from your Cloudfloat Wallet.
Smart Top-Up kicks in – If your balance falls below your threshold, Cloudfloat automatically tops you up from your saved card.
No manual transfers, no last-minute scrambles. Just seamless funding, when you need it.
Why It Matters
🔒 No missed payments → Suppliers are paid on time, every time.
💸 No missed cashback → Keep earning rewards by ensuring payments go through.
⚡ No downtime → Payments flow without interruption, avoiding costly delays.
🧠 Pre-emptive funding → Stay in control of your cashflow with less stress.
Think of It Like…
Smart Top-Up is like cruise control for your cashflow. Once set, it quietly takes care of funding in the background so you can focus on running your business.
Peace of mind, powered by Cloudfloat.
Viewing your Wallet transaction history
To view your wallet transaction history, click on the ‘Transactions’ button.
This will take you directly to your statement, where you can see a detailed list of your
transactions, including the transaction date, amount, and remaining balance.
Stay on top of your finances by easily tracking all your wallet activity with CloudFloat.