xpate Introduces ScheduleFX to Enable a Fully Manageable Automated Payout Flow
xpate, the all-in-one payments and banking hub, has launched ScheduleFX, a new automation feature that allows merchants to schedule and automate currency conversion directly within their xpate wallet. The release extends xpate’s broader automation capabilities, following the recent launch of Scheduled Transfers, and gives merchants full control over how and when funds are converted after settlement.
The launch comes at a time when merchants are seeking more flexible and manageable payout cycles to keep up with rising volumes of multi-currency settlements. Many still face repetitive, manual FX conversions to prepare for payouts, especially when settlements arrive in currencies different from their primary operating currency. ScheduleFX removes that operational burden entirely. Merchants configure their rules once, including preferred currencies, conversion thresholds, and timing, and xpate executes the conversions automatically according to the schedule, ensuring uninterrupted cash flow.
“Most merchants receive settlements in multiple currencies but typically operate in one,” said Alex Fedorov, Senior Product Manager at xpate. “ScheduleFX lets them set their currency conversion rules once and keep their payout flow running efficiently without constant manual intervention.”
ScheduleFX works alongside xpate’s Scheduled Transfer feature to complete the end-to-end settlement-to-payout flow. Together, the two features allow merchants to automate payout days, maintain the balance needed for future card payouts, and streamline the entire journey without repetitive tasks or delays. Merchants can choose to use both features together or configure them independently, depending on their payout cycle and the markets they operate in.
ScheduleFX supports EUR, USD, and GBP, in line with xpate’s existing currency exchange capabilities, and is available to all merchants who already have access to Currency Exchange.
Whether a merchant operates in one market or manages settlements in several currencies, ScheduleFX reduces the friction that typically slows down post-settlement operations.
This flexibility is echoed by Mike Shafro, CEO of xpate, who noted: “The launch reflects our mission to automate as many merchant operations as possible while keeping them adaptable to how each business works.”
xpate is reshaping how businesses move money across borders. Founded in Riga and operating across the UK and Europe, the company provides a unified payments platform that brings together banks, cards, and alternative payment rails, giving merchants, marketplaces, and financial institutions a single point of management for transactions and compliance. With built-in orchestration and account management, xpate makes it easy to route, reconcile, and control payments across multiple providers. It is also among the first non-bank institutions to have direct access to SEPA, providing clients with faster and more transparent settlement processes.