Product Overview

Introduction

Paybis Send is a comprehensive API-based solution designed to streamline cryptocurrency flows for Partner's platform users (Merchants). By integrating Paybis Send, Partners can facilitate both outgoing Crypto Payouts to end-users and incoming Crypto Pay-ins (Virtual Sell) to fund operations. This creates a closed-loop system where Partners can accept crypto deposits, automatically convert them to fiat to fund their ledger, and execute payouts seamlessly.

Key Features

Two-Way Crypto Rails: A single integration to handle both Crypto Payouts (sending assets to users) and Crypto Pay-ins (accepting assets from users with auto-conversion).
Seamless Integration: Easily integrate Paybis Send into your existing platform using RESTful API standards.
Unified Prefunded Balance: A centralized internal ledger (e.g., EUR/USD) that is automatically credited by incoming Pay-ins and debited for outgoing Payouts, ensuring efficient fund management.
Dynamic Deposit Addresses: Generate single-use, secure blockchain addresses for every Pay-in transaction to streamline reconciliation.
Increased Revenue: Generate additional income by charging fees for both payout and pay-in transactions.
Compliance & Safety: Built-in AML screening for wallet addresses and integrated Travel Rule compliance for regulatory safety.
Manual Control via Portal: Initiate payouts, view pay-in history, and manage balances directly from the Paybis Partner Portal.

How It Works

Paybis Send handles the complexity of blockchain interactions through two primary flows:

1. Sending Crypto

Validate: Double-check the recipient's crypto wallet address using our API to ensure AML compliance and address validity.
Calculate: Get a precise quote for the crypto amount based on the desired fiat value to be debited from your ledger.
Request: Send your payout request through our API with the locked quote ID.
Process: We handle the blockchain transfer immediately, utilizing your prefunded balance.

2. Receiving Crypto

Quote: Lock in a "Sell" rate to determine how much fiat will be credited to your ledger for incoming crypto.
Execute: Generate a unique, single-use blockchain deposit address for your user via the API.
Deposit: The user sends crypto to the provided address.
Auto-Convert: Once receiving on address is confirmed, Paybis automatically sells the crypto and credits your Ledger Balance with the fiat equivalent.

For Both Flows

Stay Informed: Receive HMAC-signed webhooks for every state change to update your system in real-time.

Technical Support

If you have any questions or encounter issues during integration, please contact your account manager. We provide assistance with:

Paybis Send API (Payouts and Pay-ins)
Request signing and security setup
Webhook configuration and troubleshooting
Sandbox environment testing
Prefunded balance management and reconciliation