Client task:
Web3 platforms are vulnerable to unprecedented challenges related to hacks, exploits, and bugs. EukaPay provides comprehensive security solutions to companies operating within the Web3 space. They have an impressive list of companies and developers that leverage their innovative smart contract automation tool to build highly-secure Web3 applications. These companies pay a fee to use the platform, which means EukaPay has to collect recurring crypto payments and process hundreds of invoices every month.
“Each time we needed to collect crypto payments, we would manually send an invoice, wait for it to be paid, then track the transaction hash for each payment.”
As described above, the EukaPay team relied on a considerably more labor-intensive and time-consuming system to accept client payments. Besides, manually gathering the transaction hash from customers to confirm payment is painstaking and requires extraordinary attention to detail. To minimize human error risks and improve efficiency, they needed to deploy automation in their crypto payment flow.
Provided solution and result
The Sunny Security Labs team developed an invoice processing solution for crypto payments and integrated it seamlessly with the client’s infrastructure. This system utilizes AI to capture transaction metadata from user wallets automatically and displays them in an intuitive dashboard for verification and reporting. As a result, it allows EukaPay to automate the entire process without requiring human input.
End-customers connect their wallets via a checkout page and provide authorization to spend. After the contract receives approval to spend, the auto-invoice feature will then automatically generate the invoice and process the payment. The whole crypto payment flow takes just a few minutes.
If the invoice is successfully processed, the system sends an email notification to the EukaPay team, letting them know of the wallet and email address that was successfully paid. Customers also receive an email notification about the payment approval. EukaPay systems would then mark the user as paid and consequently allow them to access the platform.
“Sunny Security Labs streamlined our operations. We’ve been able to accelerate our crypto payment process, saving a huge amount of time for our teams to do core development stuff. We’ve also drastically reduced human errors like paying to incorrect wallet addresses, especially when settling third-party invoices.”
By integrating our intelligent crypto invoice processing solution, EukaPay was able to simplify its operations, reduce errors and eliminate tons of manual work. More importantly, they can now process crypto invoices more accurately with a simple checkout experience. Lastly, EukaPay also uses the system to process employees' crypto payroll seamlessly and occasionally for settling crypto invoices from third-party contractors.
