What is an Invoice?

In cryptocurrency payments, an invoice functions similarly to a traditional invoice—it specifies how much the customer needs to pay and provides essential transaction information. However, unlike traditional invoices, crypto invoices include additional information necessary to execute blockchain transactions:

• Crypto Amount and Currency: The invoice clearly specifies the amount and type of cryptocurrency to send (e.g., Bitcoin, Ethereum, USDT, etc.).

• Wallet Address: Each invoice provides a unique wallet address for payment receipt. This ensures security, accuracy, and simplifies tracking.

• QR Code: To ease the payment process, invoices often include QR codes. Customers scan these codes with their crypto wallets to quickly and accurately initiate payments.

OMY Payments generates crypto invoices automatically, ensuring ease of use and accuracy in your payment management processes.