A merchant receiving wallet is the destination for customer payments, not a secret uploaded to a gateway. Set it up by selecting the correct network, confirming the address, establishing who can operate the wallet and testing that the intended asset can arrive.
Organize by network family
Coinvay separates EVM, Bitcoin, Solana, Tron and TON receiving routes. Ethereum, Base, Polygon and BNB Chain use EVM-style addresses, but that shared appearance does not merge their balances. Record both the address and the network in internal documentation.
For example, a store that accepts USDC on Base and BTC on Bitcoin needs the relevant receiving setup for each. A customer cannot use the Bitcoin address as a destination for USDC. Likewise, adding an EVM address does not enable every token that happens to use an EVM chain.
Prove control without exposing recovery material
Where wallet linking uses an ownership challenge, read the message before signing and ensure it belongs to the correct site and account. An ownership signature is different from a token spending approval. A request for a seed phrase is not a normal receiving-address verification step.
Keep wallet operation separate from website administration where practical. A staff member may need to review invoices without being authorized to move the entire treasury. Use the wallet’s own access model and a documented backup procedure rather than sharing a recovery phrase in a team chat.
Test and maintain the setup
Recheck address changes through a second trusted channel. A modified clipboard, compromised browser or mistaken network label can direct future payments incorrectly. After any wallet migration, test the new receiving route and verify that existing checkout requests behave as expected. Coinvay’s sandbox uses a separately saved Base Sepolia test receiving address, so changing that setting does not reconfigure live wallets.
Practical checklist
- Keep recovery material offline and outside the gateway.
- Label every receiving record with its network and purpose.
- Test a changed address before sharing new payment links.
Common questions
Can the same EVM address receive several assets?+
Often yes, if the wallet controls that address on the chosen EVM networks. The gateway must still explicitly support each asset-network combination and recognize the correct token contract.
Should a merchant use an exchange deposit address?+
First check the exchange’s supported network, minimum deposit, memo requirements and address policy. A deposit service may add restrictions that do not exist for a wallet you control directly.
Sources and further reading
Primary references and Coinvay product documentation. Check the linked pages for current details.
AI-assisted drafting, published by Coinvay. Examples are illustrative. Read our editorial approach.