Wallets & Settlement
Understanding how money moves helps you set the right expectations for your customers and your business.
Payout method
Your payout method determines how your customers' payments reach you. Configure it in:
Coinsnap Dashboard → Store Settings → Wallet
There are two modes, and they work differently:
Lightning (default)
You provide a Lightning Address (e.g. you@wallet.com). When a customer pays, Coinsnap receives the Lightning payment and forwards it to your Lightning Address.
Customer pays invoice via Lightning
→ Coinsnap receives payment
→ Invoice becomes Settled
→ Funds forwarded to your Lightning Address
→ Service fee deducted from prepaid balance
On-chain (xpub)
You provide an xpub (extended public key) from your Bitcoin wallet. For each invoice, Coinsnap derives a fresh, unique Bitcoin address from your xpub and presents it directly to the customer. There is no intermediary step — the customer pays straight to your wallet.
Customer pays invoice on-chain
→ Payment goes directly to your derived Bitcoin address
→ Invoice becomes Settled after ~1 block (~10 min)
→ Service fee deducted from prepaid balance
Because funds go directly to an address your xpub controls, Coinsnap never holds your Bitcoin.
Settlement timing
| Payout method | Invoice settles | Funds available |
|---|---|---|
| Lightning | Instantly | Instantly at your Lightning Address |
| On-chain (xpub) | After ~1 block (~10 min) | Immediately — paid directly to your address |
Service fees
Coinsnap charges a small percentage per settled invoice. Fees are deducted from your prepaid wallet balance, not from individual payments. This means:
- Your customers always pay the exact invoice amount
- You always receive the exact invoice amount
- Fees are billed separately against your prepaid balance
Top up your prepaid balance in Settings → Billing. View your current fee rate under Settings → Store.
Exchange rate risk
The exchange rate is locked at the moment the invoice is created (the window is 15 minutes). If the customer pays within that window, the rate is guaranteed. If not, they must pay a new invoice at the current rate.
For most eCommerce scenarios this risk is negligible. If you accept large one-off payments, be aware of this window.