Merchant Payment Gateway

Use our sample code as a starting point to quickly set up a web page that is customized to your needs. If you need a more detailed description of how to integrate your Binance account with screenshots, you can find it in this blog post. To protect against timing attacks, use a constant-time string comparison to compare the expected signature to each of the received signatures. Additionally, you may compute the difference between the current timestamp and the received timestamp, then decide if the difference is within your tolerance. Use the endpoint’s Signature Secret as the key, and use the aforesaid concatenated string as the message.

In the competitive landscape of Forex trading, staying ahead of the curve is more than just a strategy – it’s a necessity. One way to do this is by embracing the future of payments – cryptocurrencies. As a Forex broker, integrating a cryptocurrency payments API into your business operations where customers pay with crypto can offer many benefits to give you a competitive edge. Whitepay’s crypto payment solution API also provides businesses with access to detailed analytics and reporting. This allows entrepreneurs to monitor and track customer transactions and gain valuable insights into clients’ behavior.

It allows businesses and developers to accept various cryptocurrencies as a form of payment, providing a secure and efficient way to process transactions. The Luno crypto payment API helps merchants accept Bitcoin and Ethereum as payment options. Moreover, merchants who make the first steps in the crypto world get access to comprehensive guides to understanding how payments work.

Create a subscription object to automatically collect subscription payments from customers. Returns a list refunds of the payment if a valid identifier was provided, and returns an error otherwise. A common error is “refund exceeds payment limit” when the total crypto currency payment gateway requested refund amount exceeded the original payment amount. Refund objects allow you to refund a payment that has previously been created but not yet refunded. The payments are returned in sorted order, with the most recent payment appearing first.

You can specify the payment amount and the cryptocurrency to be used, allowing you to tailor the payment experience to align with your business needs. OxaPay Payment API supports a wide range of cryptocurrencies, including popular options like Bitcoin, Ethereum, Tron, and more. The availability of multiple cryptocurrencies ensures that businesses can cater to a broader user base and accommodate different digital currencies.

According to PYMNTS, 51% of cryptocurrency owners are more willing to purchase from vendors that accept crypto payments. Payment providers are companies that unlock your access to innovative solutions. For instance, a provider connects your business with the Bitcoin payment API that is responsible for the processing. API serves as a mediator between your business and a payment system.

Since you already have a Payment ID from Step 3, you just have to provide it and the SDK will not create another new payment. For fiat currencies payout, a transmittance fee may be applied depending on the intermediaries between your bank and our fiduciary partners. These are third parties that handle the wire transfer across countries and are outside of our control. Our fiduciary partners facilitate transfers to most of the international banks around the world.

You also need to provide a billing_cycle_anchor which is the starting time of your billing cycle. See Create a Subscription section for the schema of subscription object that you should pass in. For customers who pay using Crypto.com App, the refund will be sent back to their App account automatically. A preferred refund currency setting is available in App so that customers can select the cryptocurrency they want to receive for refunds. Here you can find out how you can adopt the best way to accept cryptocurrency payments.

• By accepting crypto payments, you can tap into this expanding market, attracting a new generation of traders who are comfortable with digital assets and prefer them over traditional fiat currencies.
• The payment returned will contain a payment_url for the next step.
• It also enables software developers to implement two-factor authentication for enhancing security.
• If the payment is sent using a cryptocurrency or network not supported by Crypto.com Pay, the funds will not be refunded or rebounded.

The Payment API links the checkout system of your business to a payment processing network that allows your clients to make transactions from you. The status of digital assets has essentially increased within the last years, as business owners understand new horizons to appear. Crowds of consumers have no access to banking services, while cryptocurrencies enable them to purchase goods online, having Internet access and crypto wallet. CoinPayments’ features are developed and tailored to accepting crypto deposits in the Forex industry and more.

Traders, seasoned and new, favor platforms that offer them the best, the fastest, and the most convenient. They’re looking for a seamless experience, a platform to trade without a hitch – and they expect nothing less than perfection when it comes to financial transactions. Deposits, withdrawals, and financial operations should be as smooth as a well-oiled machine. In 2020, the SEC accused Ripple and its co-founders of breaching securities laws by selling US$1.3bil (S$1.8bil) of its native cryptocurrency XRP without first registering it as a security.

It’s a win-win situation – traders enjoy the ease of use and security of crypto payments, and brokers stay competitive and expand their business. Cryptocurrency has revolutionized the way we think about and use money. With the advent of blockchain technology, the world has been introduced to a new era of financial independence and security. But how do businesses integrate this innovative payment method into their existing systems? The service provides rich functionality, such as payment buttons, a donation widget, invoicing, and non-custodial digital wallet support.

You can also use the pricing plan ID of a pricing plan you created previously. On server side of your return_url page, retrieve the payment and check whether the payment status is succeeded. If you use curl, please note that a colon is needed after the Secret Key to prevent it from asking you for a password.

When creating payments, the ID of the sub-merchants is required. It can also be retrieved back in our payment and refund APIs. Integrating OxaPay Payment API into your website is simple and user-friendly. With comprehensive documentation and support provided by OxaPay, businesses can seamlessly incorporate the API by implementing the provided code snippets. This ensures a smooth integration process even for those with limited technical expertise.