Payments

Making timely payments is the most important factor in building your Crowd.Credit history and advancing through graduation tiers.

Billing Cycle

• Cycle length: 30 days
• Statement date: End of each billing cycle
• Grace period: 21 days from statement date
• Minimum payment due: Greater of $25 or 2% of outstanding balance
• Full payment deadline: Statement date + 21 days

Payment Methods

Crypto Payments

Pay directly from your connected wallet in any supported token:

Token	Processing Time	Fee
USDC	Instant	None
USDT	Instant	None
DAI	Instant	None
ETH	Instant	None (gas only)
wstETH	Instant	None (gas only)

Crypto payments are processed on-chain through the CreditEscrow contract. The payment is confirmed once the transaction reaches finality on the respective chain.

Fiat Payments

Pay via traditional banking methods:

Method	Processing Time	Fee
ACH transfer	1-3 business days	None
Wire transfer	Same day	$15
Debit card	Instant	1.5%

From Deposits

You can optionally pay from your deposited collateral. This reduces your collateral value and may affect your health factor and credit line:

1. Go to Payments > Pay from Deposits
2. Select the token and amount
3. Review the impact on your health factor
4. Confirm the payment

Autopay

Autopay automatically makes payments on your due date, ensuring you never miss a payment.

Autopay Options

Option	Description
Minimum payment	Pays the minimum due (greater of $25 or 2% of balance)
Statement balance	Pays the full statement balance (avoids all interest)
Fixed amount	Pays a fixed amount you specify
Full balance	Pays the entire outstanding balance

Setting Up Autopay

1. Go to Settings > Autopay
2. Select your preferred payment method (wallet token or fiat)
3. Choose your autopay option
4. Confirm -- autopay activates on your next due date

Autopay Priority

If your preferred payment method has insufficient funds, autopay attempts alternatives in this order:

1. Selected token/method
2. Other stablecoins in wallet (USDC > USDT > DAI)
3. ETH (converted at market rate)
4. From deposits (last resort, with confirmation notification)

If all methods fail, you receive an urgent notification and have 3 days to make a manual payment before a late fee applies.

Late Payments

Days Late	Consequence
1-3	Grace notification, no penalty
4-15	Late fee: $25 or 3% of minimum payment (whichever is greater)
16-30	Credit line frozen, CrowdProof score impact
31-60	Tier demotion evaluation, increased APR
61-90	Account review, potential collateral liquidation
90+	Default reported to CrowdProof DefaultRegistry

Payment History

All payments are recorded:

• On-chain: Payment transactions in CreditEscrow contract
• Off-chain: Detailed payment history in your Crowd.Credit dashboard
• CrowdProof: Payment behavior updates your reputation score

Viewing Payment History

From Dashboard > Payments, you can view:

• All payment transactions with dates and amounts
• Upcoming due dates and minimum payments
• Payment streaks (consecutive on-time payments)
• Historical billing statements (downloadable PDF)

Early Payments

You can make payments at any time before the due date. Benefits of early payment:

• Reduces daily interest accrual
• Frees up available credit immediately
• Demonstrates positive payment behavior to the scoring engine
• No prepayment penalties ever