Crypto Payments
When you buy something with a credit card, the payment is taken from your account by the merchant. This is called a "pull payment". However, when you pay with cryptocurrency, you use your own digital wallet to send the payment directly to the merchant, which is called a "push payment".
When you want to pay with cryptocurrency, a charge is created which tells you how much you need to pay and where to send it. It's like a request for payment with specific instructions on how to make the payment.
A charge generates a unique payment address per cryptocurrency because currencies live on sepearate networks. This helps us associate customers to their payments.
When a customer makes a cryptocurrency payment, they generate a transaction that is broadcast to the cryptocurrency network for validation.
Updated over 1 year ago