User Guide: Make and Receive Payments
Treasury
Every company can send and receive digital assets directly to and from its Pool Contract. Any wallet or smart contract on the same network as your company can send or receive digital assets on the same network to or from the company’s Pool Contract address.In order to send digital assets from your company’s Pool Contract, complete the following steps :
- Go to app.companydao.org and select the company which you want send funds from.
- In the company profile, open the Treasury tab and select ‘Payment’.
- Choose ‘From Smart Contract’ as the payment option
- Fill in the payment info, where you can specify the unit of account, payment recipients and the amount transferred to each recipient. When sending digital assets, payments to multiple recipients can be executed in a single transaction. You can add a description for the payment which will be stored and accessed from a private database. The description will only be available to your stakeholders, but a cryptographic hash of the description will be published on-chain as proof of authenticity.
- Once you have completed the form you can launch the payment and approve the transaction in your wallet to execute. Some networks may require gas fees to process the transaction. If you have already issued Equity Tokens, you will need to approve a proposal to complete the transaction.
In order to receive digital assets, simply tap on the QR code at the top of your company profile and copy the address of your company’s Pool Contract. Share this address with anyone who wants to deposit funds in your company Treasury.
Bank Account
If your company has a Bank Account, you can send funds from this account by completing the following steps :
- Go to app.companydao.org and select the company which you want send funds from.
- In the company profile, open the Treasury tab and select ‘Payment’.
- Choose ‘From Bank Account’ as the payment option
- Fill in the recipient and transaction info. You can add a description for the payment which will be stored and accessed from a private database. The description will only be available to your stakeholders, but a cryptographic hash of the description will be published on-chain as proof of authenticity.
- Once you have completed the form you can launch the payment and sign the transaction in your wallet to approve. If you have already issued Equity Tokens, you will need to approve a proposal to complete the transaction.
To deposit funds into your company’s Bank Account, go to your company profile, open the treasury tab select ‘view account details’ on the Bank Account Balance folder. Share these credentials with anyone who wants to deposit funds in your company’s Bank Account.