How are payments matched to users with Sheepy deposit addresses?

Each Sheepy deposit address can be linked to a specific user by assigning it a unique alphanumeric reference, such as an internal user ID or UUID. When Sheepy detects a payment to that address, the system matches the transaction to the correct user account based on the preassigned reference and sends a payment notification to the merchant.

The user’s balance should update only after the transaction receives the required network confirmations and the deposit reaches its completed status. This process ensures accurate attribution of incoming funds while preventing unconfirmed transactions from affecting user balances.

Automatic payment matching reduces manual reconciliation, eliminates ambiguity in fund tracking, and helps platforms automate deposit processing. It is particularly useful for exchanges, marketplaces, financial services, and other high-volume platforms where accurate payment attribution and timely status updates are critical.