What are counterparties?
Counterparties are individuals or companies you operate with. This can be your customers, contractors, freelancers, employees, service providers, investors, etc.
Here you can store updated recipient details and payment information in one place. It helps you simplify payments — you can select a counterparty from the list when creating payments or preparing invoices. It also helps you avoid mistakes with wrong addresses.
How can I add a counterparty?
Click Add a counterparty button
Choose Individual or Company
Enter Name, Email, and Role
Add one or more wallet addresses, name it if necessary
Optionally add a comment
Click Save
We will use their emails to send a payment request with the invoice attached. If your counterparty is using VaultNow, they will get information about payments in their workspace directly.
What else can I do with counterparties?
Tags — label counterparties (for example, "supplier" or "team") to filter and group them. A tag is up to 32 characters, and a counterparty can have up to 20 tags.
Favorite and Main wallet — mark frequently used counterparties as favorites and set a main wallet so it's picked by default in payments and invoices.
Import and Export — add counterparties in bulk from a file, or export your list.
Suggestions and duplicate merge — VaultNow can suggest new counterparties from your transactions and offer to merge duplicates.
Bulk actions — tag or delete several counterparties at once.
Save as counterparty — turn an address from a transaction into a counterparty in one click.
Add to existing — when you come across an address that isn't linked to any counterparty (for example while creating a payment), attach it to a counterparty you already have: pick the counterparty, confirm the network and give the wallet a name. The address is then saved to that counterparty for future use.
Note: a counterparty can't be deleted while it still has active invoices, payments or recurring payments linked to it.