🧠SmartSweeps

Eligibility

To enable SmartSweeps, a customer’s deposit wallet must meet a one-time minimum balance requirement.

• When this balance is reached, PayRam deploys a smart wallet contract to the blockchain.

• If the balance is not reached, the wallet remains dormant and no sweeps occur.

• You can configure the minimum balance requirement. By default, it is set to the equivalent of $5 USD.

How it works

Once a wallet is activated, PayRam can sweep funds automatically based on three configurable settings:

1. Amount: SmartSweep is triggered when either,

   • An individual deposit wallet’s balance reaches the set amount, or,

   • The total balance across multiple wallets in a batch reaches the set amount.

2. Address count: The sweep occurs after a set number of deposit addresses have received funds.

3. Time: The sweep occurs after a set time period has elapsed.