In PayDocker, there are 2 key terms related to the exchange of monies: Token and Object. As Demand Partners and Suppliers can take on either a Buyer or Seller role, it is important to understand the what is a Token and an Object and what does it mean when it has been exchanged.
TOKEN - A temporary digital contract, identified by a unique ID, between authorized Users and PayDocker. It is meant for procuring travel accommodations and/or services and issued by Buyers on PayDocker.
OBJECT - A unique image representation of a service provided by Sellers on PayDocker. It is powered by blockchain technology. Once an Object is sold, it cannot be used again. The sale of your Object essentially means that you have provided the service and received the payment for it from the buyer on PayDocker.
Once the Token or Object has been exchanged, payment has to be made. This payment process is what we term as a Token and Object Purchase (Top Up) and Token and Object Collection (Withdrawal). It is important to note that Top Up and Withdrawals can be done in bulk for a more efficient process.
- As a Buyer: Marketplace Token and Object Purchase (Top Up) process
- As a Seller: Marketplace Token and Object Collection (Withdrawal) process