Payments

Payments

A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. In law, the payer is the party making a payment while the payee is the party receiving the payment. In ytade, payments are frequently preceded by an invoice or bill.

Bitcoin payments are instances of transfer of bitcoins between parties of an exchange. Bitcoin is a digital currency, which means that it can be used to pay for goods and services if the party providing those goods or services is willing to accept them. Bitcoin payments can be conducted directly between the public Bitcoin addresses of the buyer and the seller, or, alternatively, they may be processed by a third party, known as a payment processor.

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