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Glite Dictionary
💵 A wage payer 🖥️ A payment service
paymaster

paymaster

7.9
A computer service that sends money or covers fees for another user
  • noun
  • /ˈpeɪˌmæs.tər/
  • Texting
translation icon : pago automático
  • In the blockchain network, a paymaster handles the costs of transaction fees for participants.

Examples

  • The developer created a paymaster contract to streamline payments between clients and service providers.

  • The new software includes a paymaster feature that automates fund transfers for users.

  • We simply cannot afford to have our representatives remain as the whores of lobbyists and their corporate/banking paymasters.

    Blog text (1)

Synonyms

payer
vspaymaster
67 2.1

A person or company that gives money to get goods and services

is an automated service that covers transaction fees for someone else
payor
vspaymaster
  • Specialized
1 7.0

A person or organization that gives money to settle a bill

is an automated service that pays costs on behalf of another party

How Automated

paymaster
  • Texting
7.9
automat
  • Archaic
3 7.3
forwarder
  • Specialized
1 4.3

Surface Forms

paymaster singular
paymasters plural

Morphology

paymaster = pay + master (transparent) = pay + master

The technical computing sense is a direct extension of 'one who pays' to a service or contract that pays on behalf of others, so components remain interpretable.

Etymology

Paymaster comes from pay ('to give money') and master ('one in charge'). In computing it keeps that idea: a paymaster is a service or program that pays fees or costs for others, like an official who pays on someone else's behalf.