On-Chain Account Setup with Paywaz

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Getting Started

Setting up your Paywaz on-chain account is the first step toward revolutionizing how your business handles blockchain-based transactions. This secure, non-custodial account serves as your gateway to seamless, zero-fee payments, automated financial operations, and real-time settlements. The process takes just a few minutes, with the most important step being the selection of your Admin Wallet—the key to managing funds and approving transactions.

Choosing Your Admin Wallet

Your Admin Wallet acts as the central authority for your Paywaz account. It enables fund management, transaction approvals, and access control. Paywaz offers two distinct wallet options to suit different user preferences:

Option 1: Connect an Existing Solana Wallet

Best for: Users who already have a Solana wallet (e.g., Phantom) and want full control.

How It Works:
  • Connect your existing Solana-compatible wallet (recommended: Phantom).
  • Maintain full control of your funds with your wallet credentials.
  • Access the complete Solana ecosystem.
Advantages:

Unified wallet management across multiple Solana applications.
Full access to advanced blockchain features.
No need for additional credentials.
Enhanced security via your wallet’s encryption.

Considerations:

Requires self-management of seed phrases and passkeys.
Slightly more complex setup for users unfamiliar with crypto wallets.

Option 2: Create an Embedded Wallet

Best for: New users or those who want a fast, simplified setup focused on Paywaz.

How It Works:
  • Instantly generate a wallet within Paywaz using Dynamic.
  • Authenticate via social login (Google, Apple, etc.).
  • No need to store or manage seed phrases.
Advantages:

Quick setup (under 30 seconds).
Easy recovery using social logins.
No risk of losing access due to forgotten seed phrases. Ideal for users new to blockchain technology.

Considerations:

Limited to Paywaz transactions and features.
Does not offer full compatibility with external Solana applications.

Which Option is Right for You?

Choose Option 1 (Connect Existing Wallet) if you:
Already use a Solana wallet like Phantom.
Need access to Solana’s full ecosystem.
Prefer managing your own private keys.

Choose Option 2 (Embedded Wallet) if you:
Are new to crypto and want a simple, hassle-free setup.
Plan to use the wallet exclusively for Paywaz transactions.
Prefer social login recovery instead of managing seed phrases.

Your Funds, Your Control

Regardless of which option you choose, Paywaz is fully non-custodial, meaning you retain complete control of your funds. Paywaz never stores or has access to your private keys, ensuring maximum security and decentralization.

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