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Balances

What is “Balances in Smart Contract”?

When a customer pays you, the funds will go to your Smart Contract. This is the smart contract we create for you and only you when you sign up for a Fizen Pay account.
The amount you see under the Balances in Smart Contract section in the Balances page is the amount payable to you. Fizen Pay has already deducted your service fee.
You can set it to automatically withdraw the funds from your smart contracts to your crypto wallets, or you can withdraw manually anytime you want.

What is “Balances in Your Wallet”?

When a customer pays you, the funds will go to your Smart Contract. You can set it to automatically withdraw the funds from your smart contracts to your crypto wallets, or you can withdraw it manually.
The funds you have withdrawn will be sent to your hot wallet. This is the wallet you created when you signed up for a Fizen Pay account. Fizen Pay supports displaying the crypto balances in your hot wallet in the “Balances in Your Wallet” section in the Balances page. We do not have access to your hot wallet or any assets stored in it.
It is important that you save the secret phrase of that wallet securely so that you can maintain access to your funds.

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What is “Balances in Smart Contract”?
What is “Balances in Your Wallet”?