JamsrPay is designed to provide instant payouts whenever possible, ensuring merchants get their funds quickly and reliably. Here's how it works depending on the asset type and network conditions:
In JamsrPay, payouts are automatically triggered once a payment is successfully received.
๐ ๏ธ How It Works
- Customer completes a crypto payment (e.g., 100 USDT).
- Payment is confirmed on the blockchain.
- JamsrPay automatically triggers a payout to the merchant's wallet address.
- Merchant receives the crypto directly into their configured wallet.
โ
Native Coins (e.g., TRX, ETH, BTC, LTC, etc.)
When a native coin (like TRX or BTC) is received and confirmed on the blockchain, JamsrPay automatically triggers the payout.
The payout is processed instantly if:
- The transaction is confirmed
- The network fee is within acceptable limits
If the network fee is high, the payout will be placed in a pending state until the fee drops to a reasonable level, then processed automatically.
Example: If a customer pays using TRX, the payout to your wallet will be triggered as soon as it's confirmedโno extra action needed.
โ ๏ธ Token Payout Requirements
- You must first deposit native coins (e.g., TRX, ETH, BNB) into your gas fee wallet to enable token payouts.
- For tokens on the TRC-20 network (e.g., USDT TRC-20), the service charge is also deducted in TRX, in addition to the required network gas fee. This is due to high transaction costs and applies only to TRC-20 tokens.
- For all non-TRC-20 tokens, only the respective native coin is required to cover the gas feeโno additional service charge applies.
Example:
For USDT TRC-20, you need TRX for both the gas fee and the service charge.
For USDT ERC-20, only ETH is needed as gas.
๐ Payout Workflow Overview
- Payment Initiation: A customer completes a crypto payment (e.g., 100 USDT).
- Blockchain Confirmation: The transaction is confirmed on the blockchain.
- Payout Trigger: JamsrPay automatically initiates a payout to the merchant's configured wallet.
- Fund Reception: The merchant receives the cryptocurrency directly into their wallet.
โ ๏ธ Token Payout Requirements
- Gas Fee Necessity: For token payouts (e.g., USDT TRC-20), ensure your wallet has sufficient native coins (e.g., TRX) to cover gas fees.
- Service Charges: Specifically for TRC-20 tokens, the service charge in TRX is applied due to higher network fees.
- Pending Payouts: If gas fees are high or your wallet lacks sufficient balance, payouts may be delayed until conditions are favorable.