How VadeliPay Works
A revolutionary deferred payment system on the blockchain
VadeliPay functions like traditional paper checks but with instant settlement, cryptographic security, and 99.99% lower costs. No funds are locked when creating a check – money only moves when the recipient decides to cash it.
The Check Lifecycle
From creation to settlement in four simple steps
Create Check
Sender creates a check specifying recipient and maximum amount
Check Waits
Check exists on ledger waiting for recipient action
Cash Check
Recipient decides when and how much to cash
Settlement
Funds transferred and check removed from ledger
Revolutionary Features
What makes VadeliPay superior to traditional systems
No Pre-Funding Required
Unlike traditional systems, creating a check doesn't lock your funds. Money stays in your account until the check is cashed.
Recipient Controls Cashing
Recipients decide when to cash and can choose exact amount or accept flexible amount based on available balance.
Expiration & Cancellation
Set optional expiration dates. Either party can cancel before expiration; anyone can cancel expired checks.
Cryptographic Security
Only designated recipients can cash checks. Byzantine fault-tolerant consensus ensures no fraud or double-spending.
3-5 Second Settlement
Checks clear instantly when cashed, compared to 1-5 business days for traditional checks. Works 24/7/365.
$0.0002 Transaction Cost
Process checks for fractions of a penny instead of $50-80 bank fees. No hidden costs or FX markups.
Perfect For These Scenarios
VadeliPay solves real-world payment challenges
Deposit Authorization Compliance
Regulated businesses that require Deposit Authorization can still receive payments. The two-step process allows recipients to perform KYC/AML checks before accepting funds.
Cross-Border B2B Payments
Eliminate correspondent banking delays and fees. Send international payments that settle instantly without pre-funding nostro accounts.
Familiar Check Process
Works exactly like paper checks but digital. Businesses already familiar with checks can transition seamlessly to blockchain-based checks.
Cash Flow Management
Since funds aren't locked when creating checks, businesses maintain liquidity. Perfect for managing payment timing and working capital.
VadeliPay vs Traditional Checks
See why institutions are switching to digital checks
| Feature | VadeliPay | Traditional |
|---|---|---|
| Settlement Time | 3-5 seconds | 1-5 business days |
| Cost per Transaction | $0.0002 | $50-80 + fees |
| Pre-Funding Required | No | Yes (full amount) |
| Operating Hours | 24/7/365 | Business hours only |
| Fraud Risk | Cryptographically secure | Forgery & fraud risk |
| Cancellation | Instant & automatic | Complex process |
Q2 2025 Transaction Volume
Businesses Using VadeliPay
Cost Reduction
Start Using Digital Checks Today
Join hundreds of businesses in Turkey already using VadeliPay to digitize their post-dated check processes with blockchain security.