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All CollectionsPaymentsToken Approval
What is the token approval step for?
What is the token approval step for?
Max Franke avatar
Written by Max Franke
Updated over a week ago

When you pay through our solution using a currency for the first time, you must approve our smart contracts to spend your tokens. The approval transaction gives the Request Finance smart contract permission to take the token from your wallet

For each smart contract used on Request Finance, you have to complete an approval transaction for every token you want to send and for each chain

Request Finance app uses 5 different smart contracts:

  • Payment

  • Payment with conversion

  • Payment with Swap

  • Payment with Swap and Conversion

  • Batch payment

Once approved, you can proceed with the actual payment step. Be assured that your funds are safe; our contracts can only access your tokens when you pay.

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