What is an invoice?

An invoice is an official request for payment that a merchant issues to a customer, outlining the goods or services delivered, the corresponding prices, and the payment terms. It plays a critical role in business operations by documenting the transaction, enabling revenue tracking, and supporting accurate financial reporting. Within the Sheepy platform, invoices are dynamically generated and time-limited, allowing customers to settle payments using supported cryptocurrencies within a predefined validity period - usually 15 minutes.

In crypto payments, invoice timing ensures that price volatility and exchange rate fluctuations are minimized, preserving transparency and fairness for both parties. Merchants can tailor invoice settings, define accepted cryptocurrencies, and monitor invoice statuses in real time via the Dashboard or API.

To explore how invoice-based crypto payments work in practice, visit the Crypto Payment Gateway or try our Demo.