Payment Lifecycle

Paygrid reduces payment clearing and settlements to minimal developer effort leveraging the chain abstraction paradigm and payment intents. End-users simply authorize payment flows by providing their signature, we handle the rest.

Paygrid handles the payment intent lifecycle from initiation to relay to blockchain networks for processing and updates the payment status accordingly and asynchronously.

Payment Lifecycle:

1. Corridors Routing & Price Discovery (Optional)

2. Payment Intent Authorization

3. Payment Intent Initiation

4. Payment Status Tracking (IPNs)

1. Corridors Routing & Price Discovery (Optional)

   This solution allows developers to fetch real-time all possible cross-chain payment routes, their fees and estimated execution time. It only requires a source wallet address and destination network(s) and/or token(s). It handles payer balance checks and calculates all network and processing fees under a single corridor fee. This fee is useful later to configure a charge bearer setting to determine which party will cover the fees. All returned corridor quotes are guaranteed executable. This step should be skipped if the payment intent corridor is already known.

2. Payment Intent Authorization

   Before initiating a payment intent, the PSP operator need to capture from payer accounts the necessary authorizations or permissions required to orchestrate the payment workflow, resource locking and fund transfers.

3. Payment Intent Creation and Initiation

   The operator (or an authorized delegate) signs and initiates the payment intent by submitting a request to the Paygrid Clearing Gateway.

4. Payment Status Tracking (IPNs)

   Monitor payment progress through detailed status updates for easier reconciliation and debugging. More on Webhooks & IPN Events