Scheduled Payments
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Last updated
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Scheduled Payments empower users to automate their payments, ensuring funds are sent at specific times without the need for manual intervention. Whether it's a one-time scheduled payment or at regular intervals, such as monthly payrolls, this feature streamlines the payment process, enhancing convenience, efficiency, and helping users stay on top of their financial obligations.
Schedules define the amount, token and frequency of the recurring payment. You can create a schedule using the web app.
A schedule can be executed once or multiple times depending on its frequency.
In order for executions to be performed, the user will need to have enough funds on its to pay for blockchain fees.
An execution can fail if the sender hasn’t got enough funds on his wallet. In that case 8Pay will retry every 6 hours.
Customers can cancel a schedule anytime from the web app and it will not be executed again.