Lightning Network Payouts
Sicarro offers instant Bitcoin Lightning Network payouts to suppliers, providing the fastest and most efficient way to receive your earnings with minimal fees.
Benefits of Lightning Payouts
- Instant settlement: Receive earnings within seconds
- Ultra-low fees: Typically less than $0.01 per transaction
- No banking delays: Available 24/7, even weekends and holidays
- Global accessibility: No bank account required
- Enhanced privacy: More private than traditional banking
Setting Up Lightning Payouts
1. Choose a Lightning Wallet
Select a reliable Lightning wallet for receiving payments:
Mobile Wallets (Recommended for beginners)
- Phoenix Wallet: Self-custodial, automatic channel management
- Breez: Easy setup, good for newcomers
- BlueWallet: Option for both custodial and self-custodial
Advanced Options
- Zeus: Connect to your own Lightning node
- Zap: Desktop wallet with advanced features
- Electrum: With Lightning plugin
2. Configure Your Payout Settings
- Go to your Supplier Dashboard
- Navigate to "Payment Settings"
- Select "Bitcoin Lightning Network"
- Add your Lightning wallet's receive address or LNURL
- Set your preferred payout frequency
3. Payout Options
Instant Payouts
- Receive earnings immediately after each rental
- Perfect for active suppliers
- Minimal fees per transaction
Scheduled Payouts
- Daily, weekly, or monthly automatic payouts
- Accumulate earnings to reduce transaction frequency
- Good for suppliers with regular rental activity
Understanding Lightning Addresses
What is a Lightning Address?
A Lightning address looks like an email (e.g., yourname@wallet.com) and makes receiving payments simple and user-friendly.
Setting Up Your Lightning Address
- Most modern wallets provide Lightning addresses automatically
- Some wallets allow you to customize your address
- You can also use services like Alby or Strike for Lightning addresses
Payout Process
How Payouts Work
- Rental completed and confirmed
- Sicarro processes the payout (instant or scheduled)
- Lightning payment sent to your wallet
- You receive notification of payment
- Funds available immediately in your wallet
Payout Amounts
- Sicarro takes a service fee (typically 15-20%)
- You receive the remaining amount minus any applicable taxes
- Lightning network fees are typically negligible (< $0.01)
Managing Your Lightning Wallet
Wallet Maintenance
- Keep wallet software updated
- Monitor inbound capacity for receiving large payments
- Backup your seed phrase securely
- Consider using hardware wallets for large amounts
Converting to Traditional Currency
If you need traditional currency:
- Use built-in exchange features in some wallets
- Send to exchanges like Strike, River, or Kraken
- Use Bitcoin ATMs in your area
- P2P trading platforms
Troubleshooting
Payment Not Received
- Check your wallet's inbound capacity
- Verify your Lightning address is correct
- Check if your wallet is online and synced
- Contact support with your payment details
Wallet Issues
- Try restarting your wallet app
- Check your internet connection
- Update to the latest wallet version
- Consider switching to a more reliable wallet
