Tokens & Payments

Tokens & Payments

BoxerBase uses tokens as platform currency and supports online payments through Stripe Connect. Organizations can now go into debt with tokens and pay later, providing maximum flexibility.

Token System

Tokens represent the cost to use BoxerBase platform services (registration, scoring, etc.). Here’s how they work:

  • 1 token reserved when a boxer registers for an event
  • 1 token consumed when a boxer competes (platform fee)
  • Token released if boxer is removed, doesn’t compete, or pays online
  • Negative balances allowed - organizations can go into debt and pay later

Token Lifecycle

The complete token lifecycle shows all possible paths from registration to final resolution:

                     BOXER REGISTRATION
                            ↓
                    TOKEN RESERVED (1 token)
                     (Can go negative)
                            ↓
                ┌───────────┼───────────┐
                ↓           ↓           ↓
        BOXER COMPETES  BOXER PAYS   BOXER DOESN'T
                ↓       ONLINE       COMPETE
        TOKEN CONSUMED   ↓           ↓
        (Platform cost)  ↓      ┌────┴────┐
                         ↓      ↓         ↓
                    TOKEN      BOXER      EVENT ENDS
                   RELEASED   REMOVED    (No fights)
                  (Payment)      ↓         ↓
                                 ↓         ↓
                                TOKEN RELEASED

Important: Tokens are tied to specific organizations, non-refundable, and cannot be transferred between organizers. Organizations can now create events with negative balances, creating a debt to be paid later.

Online Payments

Events can accept registration fees through Stripe Connect:

  • Registration fees for boxers and coaches
  • Automatic processing through Stripe
  • When paid online: Token is released immediately
  • Token debt: If boxers compete without paying, tokens are consumed from organizer
  • Negative balance: Organizers can go negative when expecting online payments

Federation Plans

Federations can purchase plans that provide token exemptions for all sanctioned events:

  • Token exemption for sanctioned events under the federation
  • No token consumption when boxers compete in sanctioned events
  • Payment processing fees still apply for online payments

Registration Behavior

All events: Organizations can now register participants regardless of token balance. Negative balances are allowed.

Payment-enabled events: Participants can pay online (no token cost) or use organizer’s tokens.

Token-only events: Organizations can go into debt and purchase tokens later to cover the balance.

Buying Tokens

Purchase tokens at your organization dashboard:

  1. Select organization to purchase for
  2. Choose token amount (bulk discounts available)
  3. Pay through Stripe
  4. Tokens added immediately to balance

Track usage: Available, reserved, consumed tokens and transaction history are all visible in your organization dashboard.

Token Debt

How it works: Organizations can register participants even without sufficient tokens, creating a negative balance.

When it occurs:

  • Registering participants when token balance is insufficient
  • Boxers compete without paying online fees

No restrictions: Organizations can continue registering participants and creating events with negative balances.

Paying debt: Purchase tokens anytime to cover negative balances and return to positive territory.

Best Practices

  • Monitor balance: Keep track of token usage and debt levels
  • Use payments: Online payments reduce token consumption for larger events
  • Pay debt regularly: Purchase tokens periodically to cover negative balances
  • Budget flexibly: Take advantage of the ability to go negative when needed

Troubleshooting

Token debt: Purchase tokens anytime to cover negative balance - no restrictions on operations.

Payment issues: Verify Stripe account configuration or contact support.

Balance tracking: Check your organization dashboard for current token balance and transaction history.

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