Stream Payments

Stream payments offer a revolutionary approach to paying for services on shopping websites. Instead of making a one-time payment for a service, customers can lock their tokens in Soroban smart contracts. If they decide they no longer wish to use the service, they can cancel their subscription and retrieve any remaining tokens from the smart contract. This entire process is trustless, utilizing smart contracts to ensure security and reliability. The Wagent smart contract operates seamlessly with the Fluxity smart contract in the background to manage these stream payments.

How Do Merchants Benefit from Stream Payments?

At first glance, it may seem that stream payments could disadvantage merchants, as customers have the flexibility to cancel their subscriptions at any time. However, it's more nuanced than that. Merchants can specify a minimum cancellable duration in Wagent's settings. This means that streams created by customers must remain active for at least the specified duration before they can be canceled.

Furthermore, offering stream payment options can attract more users to try out a service, as it lowers the upfront cost. With effective marketing and excellent service, these new users are more likely to convert into loyal customers.

How Can Payers Monitor Their Active Streams?

Payers can easily track their active streams by visiting the Fluxity Dashboard.