Frequently Asked Questions
Clear answers about how Payperbit works, what we stand for and what you can expect as a buyer, merchant or judge.
What is Payperbit?▼
Payperbit is a crypto-native marketplace where merchants can open stores, sell products or services and get paid in crypto, while keeping their identity private and their funds non-custodial.
Is Payperbit legal?▼
Payperbit is a piece of software and a protocol. It does not encourage or authorize illegal activity. You are responsible for complying with the laws and regulations of your own jurisdiction, including how you report your income and which products or services you list.
Do I need to complete KYC to use Payperbit?▼
No. Payperbit is wallet-based. You connect a crypto wallet, pick a display name and start using the marketplace. Depending on your jurisdiction and your use case, you may still have tax or reporting obligations.
How do payments work?▼
Payments are done in crypto, on Ethereum L2. Funds are locked in a non-custodial smart contract (escrow) until the trade is confirmed, then released to the merchant’s payout address.
What currencies are supported?▼
Payperbit is designed to support major tokens on the chosen L2 networks (for example: ETH and popular stablecoins). Exact support may vary over time as networks evolve.
How is my privacy protected?▼
You use a pseudonymous identity and a wallet address instead of a real-name account. Communication happens via encrypted chat, and stores can be temporary so you can close and reopen identities as needed.
What is the reputation system?▼
Each store builds a reputation score based on completed trades, dispute outcomes and community feedback. This helps buyers identify honest merchants without linking that reputation to a real-world identity.
Who are the judges and how do they get selected?▼
Judges are community members with strong reputation who opt in to help resolve disputes. When a dispute escalates, a small panel of judges can be selected at random from that pool to review the case and vote on an outcome.
How do judges earn?▼
Judges receive a share of the dispute fee when they participate and vote in line with the final resolution. This creates an incentive to act fairly and carefully.
Can anyone become a judge?▼
In principle, yes — but only users and merchants with a good track record and sufficient reputation are eligible. This reduces the risk of abuse and rewards consistent honest behavior.
What happens if something goes wrong with a trade?▼
First, buyer and merchant should try to solve it directly in chat. If that fails, the buyer can open a dispute. A panel of judges is then selected to review the case and decide what should happen with the escrowed funds.
Is Payperbit custodial?▼
No. Escrow contracts are non-custodial and on-chain. Payperbit does not hold your funds. You interact directly with smart contracts using your wallet.
Can I use Payperbit as a normal, registered business?▼
Yes. Many merchants use Payperbit simply as a modern crypto payment and marketplace layer. You can keep your accounting and reporting processes as you prefer, and treat crypto income in line with your local regulations.