Flow of Funds: Purchase to Settlement
How Tweed manages payouts in accordance with a buyer's journey on your platform
Overview
Tweed allows the client platform to choose out of 4 types of payment settlements:
Paid ERC-20 Crypto settlement
Paid Native Crypto settlement
Fiat settlement
And Free-minting (no settlement)
You may use a different settlement for each asset you have.
Flow for Fiat Settlement
The buyer enters their card details and presses the "Buy" button
Tweed holds the value from their card
Tweed passes a request to the relevant claimer (according to the blockchain)
The claimer calls the platform's collection contract to "mint and send" the NFT
The collection's contract sends the NFT to the buyer's wallet
Tweed captures the money from the buyer's card and sends it to the platform's account
(optional) Tweed backend calls the webhook configured in the console with the purchase details
Flow for Crypto Settlement (Native Currency)
Tweed converts the cryptocurrency to its equivalent fiat value
The buyer enters their card details and presses the "Buy" button
Tweed holds the NFT value from the buyer's card
Tweed passes a request to the relevant claimer (according to the blockchain)
Tweed's claimer calls the platform's collection contract to "mint and send" the NFT with the right amount of crypto
The collection's contract sends the NFT to the buyer's wallet
Tweed captures the money from the buyer's card
(optional) Tweed backend calls the webhook configured in the console with the purchase details
Flow for Crypto Settlement (ERC20 Tokens)
Tweed converts the ERC20 tokens value to its equivalent fiat value
The buyer enters their card details and presses the "Buy" button
Tweed holds the NFT value from the buyer's card
Tweed passes a request to the relevant claimer (according to the blockchain)
The chosen ERC20 token's amount is getting approved for the platform to withdraw
Tweed's claimer calls the contract's "mint and send"
The contract withdrow the funds from tweed's claimer
The contract send the tokens to the user's wallet
Tweed captures the money from the buyer's card
(optional) Tweed backend calls the webhook configured in the console with the purchase details
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