What is cryptocurrency processing ?
A Cryptocurrency API (Application Programming Interface) serves as a bridge
between digital assets and traditional financial infrastructure, enabling seamless integration
for accepting crypto payments. It handles transaction reception, processing, and verification,
while also generating unique addresses and invoices, tracking activity, and updating payment
statuses in real time.
By integrating a crypto payments API, businesses can expand their
capabilities and offer customers a secure, borderless payment method. This opens access to a
global market, free from the limitations of legacy financial systems. Designed for flexibility
and scalability, our API empowers forward-thinking enterprises to embrace the digital economy
with confidence.
How does cryptocurrency processing work ?
1. The customer visits the seller’s website, selects a product or service,
chooses cryptocurrency as the payment method, and submits the order request.
2. The seller’s system processes the request, reserves the selected items or
services, and sends a secure API request to the crypto payment processor. This request includes
key details such as the invoice number, payment amount, expiration time, and any optional
settings.
3. The crypto payment processor generates a unique invoice and returns a
secure payment link to the seller. The seller then links this invoice to the customer’s order
and provides the payment link for the customer to complete the transaction.
4. The customer completes the payment using cryptocurrency within the time
limit specified in the invoice.
5. The crypto payment processor continuously monitors the blockchain for
incoming payments. Once the transaction is detected, it is validated and securely recorded in
the system.
6. After the transaction receives the required number of confirmations, the
payment processor notifies the seller that the invoice has been successfully paid.
If the
payment is received within the specified timeframe, the seller proceeds with order fulfillment
and ships the goods or provides the service. If the invoice is not paid in time, the reserved
items are released and made available to other customers.
Accessing and Managing Your Funds
Once a payment is received, the funds are immediately available for use. You
can manage your balance directly through your personal account or via any compatible third-party
wallet application by importing your wallet’s secret phrase.
For optimal accuracy and security, we strongly recommend using our official application, which
ensures your balance is always up to date and reduces the risk of operational errors. Please
note that we cannot guarantee the performance or reliability of third-party applications.
Important: Your wallet’s secret phrase grants full access to your funds. Never share it or enter
it into any application you do not fully trust
Coming Soon: Crypto-to-Fiat Exchange
To enhance convenience, we’re working on adding a built-in feature that will
allow users to convert cryptocurrency to traditional fiat currencies directly within the
application.
Comprehensive Documentation Available
You’ll find detailed guides in our documentation, including how to use your
personal account, create payment invoices, and integrate our API with your service.
If you have any questions, our support team is here to help—please don’t hesitate to reach out.
Best regards,
The ApiForCrypto Team