Crypto payment processing is a new and innovative way for businesses to accept digital assets such as Bitcoin, Ethereum, and Tether as payment for goods and services. It works through a cryptocurrency payment solution API that bridges the merchant’s payment system and the customer’s digital wallet, enabling secure and fast transactions. A cryptocurrency payment solution API is a type of payment processor that allows merchants to accept payments in digital assets, such as Bitcoin, Ethereum, Tether, and others. As a business owner, you know how difficult it can be to keep up with the latest payment processing technologies. Cryptocurrency has become one of the most popular payment methods in recent years, and if you’re looking to accept it, Whitepay’s crypto payment solution API is a great option. Crypto payment processing means the processing of transactions made in cryptocurrency.
The unified wallet system by UniPayment offers top-notch security that helps you save all your crypto receipts safely and earn in the bull-run. Developers can make use of easy add-on integration by using the plug-ins made available for all kinds of eCommerce and shopping carts. With the simplest integration and completely online onboarding, you can quickly go live with UniPayment.
At the same time, the store gets the opportunity to attract a new potential audience with such alternative payment options. To make a crypto payment, only the recipient’s blockchain wallet address is required. The payer must copy and paste this address into the appropriate field in their own crypto wallet, enter the amount of payment, and confirm the transaction. While using a QR code, the process is even easier – just scan it and pay.
A payment that initial appears successful could be reversed at a later date. This is counteracted by waiting for the transaction to be included in the blockchain and reaching a number of confirmations. 6 confirmations is generally considered safe for high value transactions. Corefy is a universal feature-rich payment orchestration platform for online businesses and payment institutions.
In this case, your supplier takes over the development burden, the need to add new cryptocurrencies, and support users. Thus, business owners can concentrate on their primary tasks – developing the project, expanding their business, and improving service and products. The Crypto.com Pay payment page will provide your customers with different cryptocurrency payment options. It will also determine the amount required in customer selected cryptocurrency (e.g. 250 CRO). The popularity of crypto payment processing as a business is growing along with the demand for fast electronic payments worldwide.
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Fill out the form to tell us more about what you’re building so we can better understand how to support your business. Let our experts guide you through your crypto strategy and implementation, using proven strategies informed by thousands of successful projects. We take the extra effort to consider the nuances of your business and the quickly evolving landscape of web3, and tailor recommendations to meet your current and future needs. Powerful machine learning models leverage industry-wide data to detect and block fraud, so you can be more confident in your customers and worry less about bad actors.
When a payment is underpaid and captured, the amount will be credited to the merchant account on a pro-rata basis. For example, if a customer paid 98 USDC for a payment with the amount of 100 USD, and it is within the threshold, then 98 USD will be credited to the merchant account. Similar to refund, a rebound fund claim link and instruction will be sent to the customer email address provided, so they can claim the rebound fund. If the payment is underpaid or late, the whole payment (with blockchain fee deducted) will be rebounded to the customer. Merchants can refund all payments received either partially or in full.
However, the 1st and 2nd elements don’t always exist, thus we wrap our if statement in a try-catch block. First of all, the id is all that’s needed to check the status. Insert the API key you generated in step (1) and then exit the editor using ctrl+x and then press the ‘y’-key. After you’ve initialized the project, create an index.js file — given that this is a rather small project, the majority of our code will go here. Our AI algorithm analyses the fraud risk for each user and transaction.
You should monitor invoice.paid and invoice.payment_attempt_failed events for your subscriptions. Also pass the Subscription ID created in Step 5 into this container (attribute is data-subscription-id). Once the button is clicked, there will be a popup for customers to complete https://www.xcritical.in/ payment. We have built several features to help our merchants succeed. Among them is the Pay Catalogue – a directory of shops that Crypto.com App users can easily browse and make purchases from every day. Both you and your customers can cancel the subscription anytime.
If you want to allow your customers to pay a full order with several payments, you can enable the Several payments for one order feature. Thus, e.g. a customer can pay half in BTC and half in ETH. For production, add validation, csrf protection, configure headers, test sending money to your own Coinbase commerce account, etc.
Crypto payment processing
Our Identity and KYC solutions can help you easily onboard legitimate users, exclude fraudsters, and stay in compliance with local regulations and requirements. You will get the Flag 0 with the response code 200 if the API crypto payments api key or password is false. This documentation explains about API request and response. All dates in any API response are based on the UTC timezone. The charge[‘timeline’] will always have a 0 element, with the status “NEW”.
The operation has been completed successfully and you will get response code 200. However, if you want to see the expected result then you may check the data parameter of the response. If pending, check for a 2nd element — the payment might already have been confirmed. Like the port number, process.env.API_KEY carries the API key entered in step (4). I will get into the specifics of what the Client and Charge will be used for in later steps. Security
A custom secret parameter should be included in the callback URL.
- For fiat currencies payout, a transmittance fee may be applied depending on the intermediaries between your bank and our fiduciary partners.
- To accept a crypto payment, you need to create a Payment object.
- Returns a list rebounds of the payment if a valid identifier was provided, and returns an error otherwise.
Supply the unique payment ID, and the API will return the corresponding list of rebound information. Retrieves the details of a refund that has previously been requested. Supply the unique refund ID that was returned from your previous request, and the API will return the corresponding refund information. You can use the Crypto.com Pay API in test mode, which does not affect your live data or interact with the payment networks. The API key you use to authenticate the request determines whether the request is live mode or test mode.
Staying informed about these developments will allow businesses to stay ahead and adapt to the changing landscape of digital payments. OxaPay is committed to embracing these advancements and providing businesses with the latest features and capabilities in its API. IPNs, or callbacks, notify you when transaction status is changed. When a payment is completed, you receive notifications on your website server. When you register on NOWPayments, your next step will be setting up your payout (outcome) wallet and getting an API key. After we generate it for you, insert it in the strings of code responsible for various commands in our crypto API documentation.