Tokens are methods in which payments take place on PayDocker. Depending on your role in the transaction, you will be able to create tokens / objects, or simply view the details and make payment.
Definitions
Tokens (Digital Contracts)
- A Token is a flexible agreement created by a buyer to negotiate and finalize custom service terms with a seller. Once the service is complete, the buyer "loads" the token with the booking amount to finalize the payment, a process known as Token Redemption.
How to manage your tokens
As your business expands, this may become tedious and inefficient. We would recommend setting up automations on your account to reduce the manual work required to collect all of your tokens.
Click here to read how to configure this: Automate your Token collection
How to access
1. Click on Sales, then Token
You will see the list of Tokens you would be collecting payments for
How to configure
1. Select the token that you would like to collect for, then click the eye icon
2. Then, click Collect
You will be prompted to key in the amount to be collected. You can only collect up to the maximum Token value loaded.
Once collected, you will see the changes in your Balance activities
You will also see the changes in your token detail view, labelled as Withdrawn