Skip to main content

2.First things to know

2.4 Payment Methods and Receiving Accounts

2.4.1 What Is a Payment Method?

A payment method is a configured channel through which investors can send funds for a specific asset. Each payment method defines how funds are received — either via a blockchain wallet (receiving wallet) or a traditional bank account.

Payment methods are configured independently and then connected to one or more assets. A single asset can have multiple payment methods attached simultaneously (e.g., both a crypto wallet and a bank account), allowing operators to offer investors flexible funding options.

2.4.2 Receiving Wallet

A receiving wallet is a blockchain address configured within a crypto payment method. Once connected to an asset, all on-chain investor payments for that asset (e.g., token purchases or other contributions) are routed to this wallet.

💡
Losing access to a receiving wallet means losing access to all incoming investor funds routed through that payment method. It is crucial to securely store and manage the wallet's private keys and backup information.

2.4.3 Bank Account

A bank account can be configured as an alternative payment method for investors who prefer traditional fiat transfers. The bank account details are set within the payment method configuration, not on the asset page directly.

2.4.4 How Payment Methods Are Connected to Assets

Payment methods are not configured on the asset page itself. Instead, the operator sets up each payment method separately in Payment Methods section— specifying either a receiving wallet address or bank account details — and then connects it to the relevant asset or assets.

This means:

  • One asset can have multiple payment methods (e.g., crypto and bank transfer).
  • One payment method can be connected to multiple assets, enabling reuse across the platform.
  • Payment methods can only be connected to an asset after the smart contract for that asset has been published on the blockchain.

2.4.5 Best Practices

  • Wallet security. Choose a wallet provider that offers strong security controls, including multi-signature or hardware wallet options. Limit and strictly control access to private keys. Maintain secure backups of wallet credentials in multiple safe locations.
  • Bank account management. Ensure bank account details are accurate and up to date. Use accounts that support the currencies and jurisdictions relevant to your investor base.
  • Access control. Assign responsibility for payment method management to a trusted role within your organization. Restrict who can create, modify, or connect payment methods to assets.