B2BinPay

What is B2BINPAY

B2BINPAY is a cryptocurrency payment processing solution for businesses. Its main purpose is to allow merchants to accept, store, and exchange a wide range of digital currencies as payment for goods and services. The platform functions as a gateway, connecting a business's website or application to the blockchain to facilitate transactions. It is designed for various industries, including e-commerce, forex brokers, travel, and real estate. B2BINPAY is operated by B2BINPAY ITALY S.R.L., a regulated entity based in Rome, Italy. The company, founded by Arthur Azizov, aims to provide a secure and efficient ecosystem for businesses to enter the world of digital currency payments.

B2BINPAY Features

B2BINPAY offers a set of features designed to manage cryptocurrency transactions for businesses.

• Crypto Payment Gateway: Allows businesses to accept payments in over 350 different cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as various stablecoins and tokens.
• Multi-Asset Support: The platform supports a large number of digital assets and blockchains, giving customers flexibility in how they pay.
• Crypto-to-Fiat Conversion: Merchants can automatically convert received cryptocurrencies into fiat currencies like USD or EUR, or into stablecoins to avoid price volatility.
• Wallet as a Service (WaaS): Provides secure, multi-currency wallets for businesses to store, send, and manage their digital assets in one place.
• Advanced Security: Implements multiple layers of security, including two-factor authentication (2FA), IP address whitelisting, Know-Your-Transaction (KYT) compliance for fraud prevention, and regular security audits.
• Off-Chain Transactions: Uses a proprietary system for internal transfers, which makes transactions faster and reduces processing fees for payments between B2BINPAY users.
• Easy Integration: Offers a REST API with detailed documentation to help developers integrate the payment gateway into any website or application.
• Scalable Infrastructure: The system is built to handle a high volume of transactions, ensuring reliability as a business grows.
• No Chargebacks: Because blockchain transactions are irreversible, businesses are protected from fraudulent chargebacks common with traditional payment methods.

B2BINPAY Pricing Plans

B2BINPAY's pricing is based on a tiered fee structure that depends on the monthly transaction volume. There are two main service categories, each with its own fee schedule:

• Crypto Payment Processing: This plan is for merchants who want to accept crypto payments. The fee is a percentage of the incoming transaction value. The percentage decreases as the total monthly volume increases. For example, businesses processing a higher volume of payments pay a lower percentage fee per transaction.

• Wallet as a Service (WaaS): This plan is for businesses that need to manage digital assets, including sending outgoing payments. There are no fees for incoming transactions. Fees for outgoing transactions are based on a tiered percentage model, where higher monthly outgoing volumes result in lower percentage fees.

This model is designed to be cost-effective for businesses of all sizes, especially those with high transaction volumes.

B2BINPAY Free Plan

B2BINPAY does not offer a completely free plan for live transaction processing. However, it provides a free sandbox environment for developers. This allows businesses to integrate and test the payment gateway's functionality thoroughly without incurring any fees or using real funds. This testing phase ensures that the integration is working correctly before going live and accepting actual payments from customers.

How to use B2BINPAY

Getting started with B2BINPAY involves a straightforward process for businesses.

1. Sign Up: The first step is to register for an account on the B2BINPAY website and complete the necessary verification process.
2. Receive API Keys: Once the account is approved, you will receive unique API keys. These keys are essential for connecting your platform to the B2BINPAY system.
3. Integrate the API: Share the API keys and the detailed documentation with your developer. The developer will use the REST API to integrate the payment functionality into your website, e-commerce store, or application.
4. Test in Sandbox: Before going live, use the free sandbox environment to conduct thorough testing. This helps you simulate transactions and ensure everything works as expected without any financial risk.
5. Go Live: After successful testing, you can switch from the sandbox to the live environment using your production API keys. Your business can then start accepting cryptocurrency payments from customers around the world.

Once live, you can monitor all transactions, manage wallets, and perform conversions directly from your B2BINPAY dashboard.

Pros and Cons of B2BINPAY

Pros:

• Wide Cryptocurrency Support: Supports over 350 digital currencies, offering great flexibility for customers.
• Competitive Fees: The tiered pricing model becomes very cost-effective for businesses with high transaction volumes.
• Strong Security: Multi-layered security features, including KYT compliance, protect businesses from fraud.
• Global Reach: Enables businesses to accept payments from anywhere in the world without traditional banking limitations.
• No Chargebacks: The irreversible nature of blockchain transactions eliminates the risk of chargeback fraud.
• Developer-Friendly: Provides a robust REST API and a sandbox environment for easy and safe integration.

Cons:

• Geographic Restrictions: Services are not available to residents and companies in certain countries, including the USA and the UK.
• Requires Technical Integration: Full functionality requires API integration, which may be a challenge for businesses without developer resources.
• Complexity for Beginners: The world of crypto payments can be complex for merchants who are new to it.
• Refunds are Manual: As blockchain transactions cannot be reversed, issuing a refund requires a new, separate transaction to be sent to the customer.

B2BINPAY integrations

B2BINPAY is designed to be integrated into various online platforms primarily through its REST API. This allows for custom integrations with e-commerce websites, trading platforms, online service providers, and mobile applications.

While the main integration method is via the API, this allows connection to virtually any system. Businesses can develop custom plugins or use the API to connect B2BINPAY with popular platforms such as:

• WooCommerce: Custom integration can be built to add B2BINPAY as a payment option in a WordPress e-commerce store.
• Shopify: A custom payment gateway can be developed using the API to link with a Shopify store.
• Magento: The API allows for integration into the Magento e-commerce platform.

The focus is on providing a flexible API that developers can use to connect the service to any required system, rather than offering a large number of pre-built, one-click plugins.

B2BINPAY Alternatives

• BitPay: One of the oldest and most well-known crypto payment processors. BitPay is known for its reliability and is a strong choice for large enterprises. It offers direct bank deposits in fiat currency but supports fewer cryptocurrencies than B2BINPAY.

• Coinbase Commerce: Backed by the major cryptocurrency exchange Coinbase, this platform is very user-friendly and easy to set up. It is a good option for small to medium-sized businesses that want a simple solution, though its fees can be higher for smaller volumes.

• CoinPayments: This platform is known for supporting a very large number of cryptocurrencies (over 2,000). It offers pre-built plugins for many popular e-commerce platforms like Shopify and WooCommerce, making integration easier for non-developers.

• NOWPayments: A popular non-custodial payment gateway that supports a wide range of coins and offers features like fiat conversion and donation tools. It also provides plugins for major e-commerce platforms, making it a direct competitor.

B2BINPAY API

Yes, B2BINPAY provides a comprehensive REST API for developers to integrate its payment processing capabilities into any application or website. The API is a core part of their service, enabling businesses to create invoices, manage wallets, and handle fund transfers programmatically.

To get API keys, you must first sign up for a B2BINPAY account and complete the verification process. Once your account is active, you can generate your unique API keys from your account dashboard. B2BINPAY also provides a sandbox environment with separate API keys for testing purposes.

Here is a generic example of what an API call to create an invoice might look like in cURL:

curl -X POST 'https://api.b2binpay.com/v1/invoices' \
-H 'Authorization: Bearer YOUR_API_KEY' \
-H 'Content-Type: application/json' \
-d '{
  "amount": "100.00",
  "currency": "USD",
  "description": "Order #248",
  "order_id": "ORDER-248",
  "callback_url": "https://yourstore.com/callback"
}'

Developers can find detailed documentation on the B2BINPAY website, which provides information on all available endpoints and parameters.

B2BINPAY Affiliate program

B2BINPAY does not publicly advertise a formal affiliate or referral program with specific commission rates and terms. However, businesses and individuals interested in partnership opportunities are typically encouraged to contact the company directly. You can reach out to their support or business development team to inquire about becoming a partner, reseller, or influencer. They may offer custom partnership agreements for those who can refer a significant number of business clients to their platform.