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Guide 02 · Account structure
These three things are not interchangeable, and they are not the same kind of object. This guide explains what each one is, who opens it, and which part of the money flow it handles.
Direct answer
Same-name local account = an account opened by a bank or payment institution, in the name of your approved Brazilian CNPJ or CPF holder. It receives platform settlement proceeds.
BRL Wallet = a dedicated bookkeeping balance that NexaPay allocates to you under your merchant entity, used to record and manage BRL. It is not a bank account, and its nature differs from an account held under a CNPJ / CPF.
Overseas settlement account = your own approved overseas account, which receives the converted USD and settles funds back to your own operating entity.
In one line: the same-name local account receives platform sales proceeds, the Wallet records and manages the business balance, and the overseas settlement account receives the converted settlement funds.
| Point of comparison | Same-name local account | BRL Wallet | Overseas settlement account |
|---|---|---|---|
| Who opens / records it | The applicable partner bank or payment institution | NexaPay allocates a bookkeeping balance under your merchant entity | You hold it yourself (approved) |
| Account name | The approved CNPJ or CPF holder | Your dedicated bookkeeping balance | Overseas company or the company owner personally |
| Nature | A bank or payment account | A bookkeeping balance, not a bank account | An overseas bank account |
| What it receives | PIX / TED sales proceeds from applicable platforms | The BRL balance of the applicable business | Converted USD |
| Who approves it | The account provider approves independently | Governed by the merchant service agreement | Under the rules of the country where it is held |
NexaPay does not act as a bank and does not make account approval decisions on behalf of partner banks or payment institutions. A same-name local account is reviewed, opened and maintained independently by the applicable institution under its own rules.
The Wallet is a bookkeeping balance that NexaPay allocates to you under your merchant entity, used to record and manage BRL. It is not a bank account. When you need a genuine bank or payment account to receive external funds, the same-name local account is the one that applies.
It is not. The Wallet is a dedicated bookkeeping balance allocated by NexaPay under your merchant entity, and its nature is different from a bank or payment account held under your CNPJ or CPF. When you need a genuine bank or payment account, the same-name local account is the one that applies.
They handle different links. The Wallet records and manages the BRL balance; the same-name local account receives the sales proceeds the platform pays out under its settlement rules. If your business includes platform payouts, you need a same-name local account to receive them; if you only take payment links that buyers pay voluntarily, no platform settlement proceeds are involved.
The account is reviewed and opened independently by the applicable partner bank or payment institution. NexaPay submits the documents online and provides operational support; it does not make the approval decision on the institution’s behalf.
It cannot. TED is supported only as a credit method; outgoing payments support PIX Key and PIX QR Code only.
Sign in to the Merchant Dashboard and submit your application following the on-screen steps.
Check the system email and the application receipt and follow the instructions back to the relevant application. Account approval is made independently by the applicable institution; submitting does not mean approval is guaranteed.
Sources
This guide is compiled from NexaPay’s published product pages and compliance disclosures; the publication and last-updated dates are shown in the metadata above.
Apply online
Once you have chosen a method, enter the Merchant Dashboard, fill in and submit the details following the on-screen steps, and the system reviews them automatically. If anything needs to be added or corrected, check the system email and the application receipt and follow the instructions back to the relevant application.