Very helpful
@KingMarti
I believe many who select this option don't know exactly how it works and/or how to view the info (which is likely the case in this situation also) so I appreciate your post.
This is defiantly true, and some sites use peoples lack of knowledge to try and skim earnings (not stripchat, my stripchat crypto payment was perfect) blaming sending the incorrect amount on additional receiving fee's and exchange rates, even though the transactions show the value of the payment issued at the time of issuing being under. (currently dealing with another site that does this.)
I think it's important that people who use crypto payouts understand how to look up transactions, check the transaction details and when and how fee's are used on the blockchain, as the unfortunate truth is, some companies are less than honest and will try and take advantage of people not knowing how the payment system they use works.
Just for anyone not aware, fee's cannot be deducted from a payment after it's made, that would cause a new transaction and a new transaction id for the deduction of the fee from the received amount. Fees are paid by the sender of the transaction, this is why stripchat charges a 1% fee, and chaturbate charges (a very high) fixed bitcoin amount as a fee on crypto payments as the fee is generated at the time the transaction is made and it's not a fixed amount.
With crypto being fairly volatile (more so in the last couple of days) being able to look up the transaction can help understand if you were underpaid or if the exchange rate slipped between the payment being sent and the transaction being confirmed or if the payment was even issued.
If the transaction has a lot of conformations (the amount required to reflect on an account balance varies between different wallets and exchanges, but a google search of "'wallet/exchange' name conformations required for 'crypto your are expecting'" will normally give you the answer) but is not showing in your wallet then it means that you entered the wallet address wrong, as transactions are one way there would be no way to recover those funds. So when entering your wallet address always copy and paste it and double check the first and last 4-6 characters to make sure you didnt miss a part of it.
side note: USDC has been the most stable stable coin, if you are worried about price fluctuations, opt for USDC as the crypto payment. Downside is it is an Ethereum token, so if you need to move it around after getting paid then fee's can get stupid high, but if you are just moving it onto an exchange to cash it out or top up a crypto debit card IMO it's the best option, especially when the markets are volatile like they are right now.
@Charlie_SC Maybe it would be helpful to add a section on the payment page or on the conformation email for people that get paid in crypto, something like "Click here to check the status of your payment" that takes them to the transaction page on the blockchain log.
I would have said just adding the transaction ID on the payment page or email would be helpful, but I have a feeling most people wouldnt know where to go to check it. Dont know how hard something like that would be to implement on your current system, but I think it would be a helpful feature for a lot of people. I would also assume that most people cash out to an exchange like coinbase who all require a different amount of conformations on the transaction before they reflect it on the account balance, but I guess they could at least see that the payment is being processed.
*ETA*
I might make a thread at some point that goes over the basics of crypto transactions. I feel like it's important information and posting it in the middle of a thread means it's going to be easy to miss
