Everything you need to know about decentralized payment solutions
999PAY is a comprehensive decentralized payment platform built on Polygon that revolutionizes how payments are made, received, and managed in the Web3 ecosystem. Unlike traditional payment systems, 999PAY offers:
Built on Polygon for low fees and fast transactions, 999PAY is perfect for freelancers, businesses, DAOs, and anyone who wants more control over their payments.
1. Streaming Payments
Pay or get paid continuously by the second. Perfect for freelancers, employees, and service providers.
2. Escrow Services
Lock funds in a smart contract until conditions are met. Includes milestone-based releases and dispute resolution.
3. Payment Splitting
Automatically divide incoming payments among multiple recipients with custom percentages.
4. Recurring Payments
Set up automatic subscription-style payments (monthly, weekly, daily).
5. Token Swap
Pay in one token, recipient receives another - powered by DEX aggregation for best rates.
6. Dispute Resolution
Decentralized arbitration system to resolve payment conflicts fairly.
Streaming payments allow you to pay or receive payment continuously by the second, rather than in lump sums. Here's how it works:
Step-by-Step Guide:
Example: You hire a freelancer at $50/hour. Instead of paying weekly, you set up a stream at 0.0138 USDC per second. The freelancer can withdraw earnings in real-time as they work. If they work 3 hours and stop, they withdraw exactly $150 - no more, no less.
Use Cases: Freelancer payments, employee salaries, service subscriptions, rental payments, content creator tips.
Escrow services protect both buyers and sellers by holding funds in a smart contract until conditions are met. No central authority can touch the funds.
How It Works:
Milestone-Based Releases: Break large projects into phases. Release 25% after design, 50% after development, 25% after testing. This protects both parties.
Dispute Handling: If buyer and seller disagree, either party can raise a dispute. A decentralized arbitrator reviews evidence and decides who gets the funds.
Use Cases: Freelance projects, contract work, NFT sales, domain purchases, business deals, crowdfunding.
Payment splitting automatically divides incoming payments among multiple recipients based on predefined percentages.
Setup Instructions:
Example: A band creates a splitter: Lead singer 40%, Guitarist 25%, Drummer 25%, Manager 10%. When fans send 100 USDC to the splitter, it's automatically divided. Each member withdraws their share when ready.
Features:
Use Cases: Band revenue sharing, DAO treasury distributions, partnership profits, affiliate commissions, creator collectives, family allowances.
Recurring payments enable automatic subscription-style payments at regular intervals (daily, weekly, monthly).
Setup Guide:
How It Works: When you create a recurring payment, you approve the contract to spend your tokens. On each payment date, the contract automatically transfers the specified amount to the recipient. You maintain full control and can cancel anytime.
Cancellation: You can cancel recurring payments at any time. Simply go to "My Subscriptions" and click "Cancel". No penalties, no questions asked.
Use Cases: Software subscriptions, membership fees, rent payments, loan repayments, regular donations, DAO member dues.
Token Swap allows you to pay in one token while the recipient receives a different token - all in a single transaction. Perfect when you have USDC but recipient wants DAI, or vice versa.
How It Works:
Benefits:
Use Cases: Cross-token payments, international transfers, portfolio rebalancing during payments, accepting multiple payment methods.
999PAY uses transparent, competitive fees to maintain the platform while keeping costs low for users.
Fee Structure:
Gas Fees: You only pay Polygon network gas fees, which are typically $0.01-0.10 per transaction. Much cheaper than Ethereum mainnet.
No Hidden Fees: What you see is what you pay. All fees are displayed clearly before you confirm any transaction.
YES! 999PAY is built with security as the top priority. Here's why you can trust us:
1. Verified Smart Contracts
All contracts are verified on PolygonScan. You can review the code yourself. See the "Smart Contract Transparency" section below for addresses.
2. Non-Custodial
We NEVER hold your funds. Everything is managed by auditable smart contracts. Only you control your wallet and assets.
3. Battle-Tested Code
Our contracts use industry-standard OpenZeppelin libraries and proven patterns used by protocols managing billions of dollars.
4. Transparent Operations
Every transaction is recorded on the blockchain. You can verify all operations on PolygonScan.
5. Secure Wallet Integration
We support MetaMask, WalletConnect, and other trusted wallet providers. We never ask for your private keys or seed phrases.
6. Active Monitoring
Our team monitors all contracts for unusual activity and maintains emergency procedures.
Best Practices:
999PAY supports all major ERC-20 tokens on Polygon network. Most popular choices include:
Supported Tokens:
Adding Custom Tokens: If you want to use a token not in the default list, you can add it manually by entering the contract address. The interface will automatically fetch token details.
Why Polygon? We chose Polygon for ultra-low gas fees ($0.01-0.10 per transaction) and fast confirmation times (2-3 seconds). Perfect for payments!
Our decentralized dispute resolution system ensures fair outcomes when buyer and seller disagree on escrow payments.
Dispute Process:
Who are the Arbitrators? Verified community members with proven track records. They stake tokens as collateral and are rated by dispute participants.
Timeline: Most disputes are resolved within 3-7 days. Complex cases may take longer.
Best Practice: Communicate clearly, document everything, and try to resolve amicably before raising a dispute.
Yes! Here's how cancellation works for each payment type:
Streaming Payments:
You can cancel active streams at any time. Click "Cancel Stream" and the recipient can withdraw earned amount up to cancellation. Remaining funds return to you.
Recurring Payments:
Cancel anytime by going to "My Subscriptions" and clicking "Cancel". No future payments will be processed. No penalties or fees for cancellation.
Escrow Payments:
If work hasn't started, both parties can agree to cancel and funds return to buyer. If work is in progress, use the dispute resolution system.
Payment Splitter:
Splitter percentages are immutable after creation (for security), but you can stop sending funds to it anytime. Recipients can always withdraw their accumulated shares.
Important:
Always cancel properly through the interface. Simply stopping wallet interaction doesn't cancel recurring approvals - you must explicitly cancel through 999PAY.
Connection Steps:
Supported Wallets:
Don't have Polygon network? When you connect, 999PAY will prompt you to add Polygon network to your wallet. Click "Add Network" and approve. It takes 10 seconds.
Need MATIC for gas? You'll need a small amount of MATIC (~$1) for transaction fees. You can bridge from Ethereum or buy directly on exchanges.
Platform fees are collected at the smart contract level, not sent to a central wallet. This ensures transparency and prevents manipulation.
Fee Distribution: Fees collected by smart contracts are used for:
Transparency: All fee collection is visible on PolygonScan. You can verify exactly how much each contract has collected.
Freelancers & Contractors:
Get paid as you work with streaming payments. Use escrow for project milestones. No more waiting 30 days for invoices.
Remote Teams:
Pay international employees with streaming salaries. No bank delays, no currency conversion fees, instant access to earnings.
Content Creators:
Receive tips and subscriptions from fans. Split revenue with collaborators automatically. Accept any token.
DAOs:
Pay contributors with streaming payments. Split treasury distributions. Manage recurring expenses for services.
E-commerce:
Use escrow for high-value purchases. Accept crypto payments with instant settlement. Split revenue with multiple partners.
SaaS Subscriptions:
Accept crypto subscriptions with recurring payments. Give users more payment flexibility than traditional credit cards.
Real Estate:
Collect rent with recurring payments. Use escrow for security deposits. Split rental income among co-owners.
999PAY Advantages:
Traditional System Limitations:
Bottom Line: 999PAY gives you more control, lower fees, faster payments, and innovative features impossible with traditional systems.
All our smart contracts are deployed on Polygon Mainnet and verified on PolygonScan for complete transparency. You can review the source code and verify all transactions:
Click any address to view the verified contract source code, transaction history, and all on-chain activity. Total transparency guaranteed.
Join our official community for support and updates!
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