Channel Payment

Channel Payment is the actual payment made by the customer. The transaction of the ChannelPayment type is automatically created in your account whenever the user sends the cryptocurrency to the channel address. Each channel payment has statuses - every time channel payment changes its status, Cryptopay sends callbacks to the Callback URL.

Every time the transaction is found at the channel address, we create a channel payment with pending status. This means that the payment has just been detected, but has not yet been validated by the network. When the transaction is completely validated and confirmed by the network, the payment status changes to completed.