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Why shall I use counterparties?

Written by Anna

What are counterparties?

Counterparties are individuals or companies you operate with. This can be you customer, contractors, freelances, employees, service providers, investors etc.

Here you can store updated recipient details and payment information in one place. It helps you to simplify payments, you can select it from the list once create payments or prepare invoices. Also it helps to avoid mistakes of putting wrong addresses and fraud from your employees.


How can I add a counterparty?

  1. Click Add a counterparty button

  2. Choose Individual or Company

  3. Enter Name, Email, and Role

  4. Add one or more wallet addresses, name it if necessary

  5. Optionally add a comment

  6. Click Save

We will use their emails to send payment request with invoice attached. If your counter party is using VaultNow, they will get information about payments in their workspace directly.

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