A payment is the movement of funds from an account provisioned by Tesser to a third party, or vice versa. Most commonly, payments will move funds from an originator to a beneficiary. Payments may be outbound (aka payouts) or inbound (receiving stablecoins, aka pay-ins).
Payments also include funds movement to/from a stablecoin yield provider.
Shield wallets in payments processing
Payments always involve a counterparty that is not you or your customer (direct or end-customer):
| Originator is you or your customer/end-customer | Beneficiary is you or your customer/end-customer | |
|---|---|---|
| Outbound payment | ✅ | ❌ |
| Inbound payment | ❌ | ✅ |
Because of these arms-length counterparties, Tesser processes payments through “shield” wallets. When funds flow through shield wallets, your organization’s treasury wallets are protected from direct exposure to wallets with potentially risky activity. This means your Treasury wallets never have as direct counterparties a wallet that is, or later becomes tainted with, undesirable activity.
Outbound payments:
Inbound payments:
