Introducing another amazing feature of Suberra — recurring payments. You can now send or receive UST on a recurring basis to anyone around the world. Don’t need to pay now? You can schedule it to start later. Customise the payment schedule, be it weekly, monthly or yearly. Create, manage or cancel recurring payments — all at your fingertips via our dashboard. We automate the payments so you can focus on what matters. Create your first recurring payment here: https://app.suberra.io/pay
Why use Recurring Payments?
In the web 3.0 world, native blockchain wallets do not allow users to authorize advanced controls like recurring payment approvals. When a user wants to make recurring payments in stablecoins, one has to send the tokens manually to the receiving party’s wallet address. And if this payment is to be made monthly, you probably will have to set calendar alerts to remind yourself to send it on time.
With Suberra, you can set this process on automation and never miss a payment anymore. Due to the limitless and borderless nature of web 3.0 and cryptocurrency, you can also send stablecoins to anyone around the world, anytime. You do not even need to have a product — anyone will be able to set up recurring payments easily on our web app.
Use cases
You can use it for peer-to-peer recurring payments such as payroll, rent, bills, remittance, DAO-to-DAO payouts, etc. If you are a business owner or working on a web 3.0 protocol where your employees are paid in UST, you can easily set up a payroll process via our dashboard to make salary payments to your team on a recurring basis. If you are a freelance worker, you may also request your project owner to pay you via Suberra. You can also use our platform to send money to your family based in another country on a monthly basis. If you are a content creator and would like to receive recurring payments (in UST) from your subscribers or followers, you can do so too. As you can see, the possibilities are endless.
We already have some companies on board with us setting up recurring payments for payroll. If you need any support, reach out to us at hello@suberra.io
Recurring payments on Suberra are meant to bring you convenience in your daily life, so you can focus on other important things and leave the admin work on automation. You can set up recurring payments easily with the following steps below.
How to set up recurring payments?
- Go to https://app.suberra.io/pay
- Make sure you create a SUBWallet first.
- Ensure you are on the “Pay” section on our dashboard and select “+ Recurring Payment”
4. Fill in the Recipient field with either the receiver’s Terra EOA address or their Subwallet address.
Note: If you key in a user’s Terra EOA Address they will be receiving aUST and not UST directly.
- Fill in a Nickname — this field is optional, it mainly serves to help you disambiguate should you have multiple recurring transfer agreements.
- Key in an Amount.
- Fill in a Frequency — Yearly/Monthly/Weekly.
- Fill in the Start Date and End Date for your recurring transfer.
5. Approve the transaction, and you are good to go!
Note: For all mention of stablecoins, only UST is supported now.
