That's a cool idea. However I want to know how you guys handle refunds. Or are all invoices non-refundable?
Once a freelancer has generated an invoice on Archway, they have to send it on their own to the company - usually they are in touch with whoever they work with anyway. The company then may or may not pay it. These steps are independent from us.
If the invoice is never paid, nothing happens. In fact we often see new users generating test invoices for fun, which are never sent or paid.
But if the invoice happens to get paid, aka the fiat transfer arrives on Archway's bank account, we
immediately match it by reference and pay the corresponding crypto to the freelancer.
So I'm not sure at which point a refund would come into play? Maybe I misunderstand the question.
One thing that would be very significant though, would be if the invoice letters generated by Archway could be used as an (official) source of funds, as the money is coming from legitimate sources.
Totally, it's an added benefit for the payee to have these documents generated by Archway. It acts as a source of funds for the crypto received.