Payment Flow

Once a seller creates an entry on the paybox cloud service for the items he wants to sell, including setting any specific conditions for the sale, any potential customer may interact and buy this item.

When a customer initiates a buy of the item offered by a seller his payment will be locked within our smart contract, and once the item is safely received, customer confirms and the payment is unlocked and sent to the seller.

During the process, as long as the seller has not yet confirmed sending off the item, tokens can be withdrawn after X number of days has passed by the customer, and this would cancel the order. But once the seller has confirmed the shipment, the tokens are locked until the customer confirms delivery.