Introduction to P2P Payment Automation
This page is meant to give an overview and understanding of the integration process to commercials of our P2P Payment automation
Last updated
This page is meant to give an overview and understanding of the integration process to commercials of our P2P Payment automation
Last updated
The Intrapay P2P Payment Automation (IPPA) is a solution designed to help crypto exchange platforms like Binance automate their P2P transactions by providing their trading merchants with the "Option" to buy and sell P2P trading seamlessly without human intervention.
The exchange of services and value is between us (Intrapay), the merchant, and our partner (crypto exchange platform)
A partner is a crypto exchange platform (e.g. Binance) with existing "merchants" that list their digital assets and can trade them with peers - In other words called P2P trading.
A merchant is a user of a crypto exchange platform that buys and sells assets using the P2P channel
For P2P Buyers
For P2P automation to work, we are linking Intrapay mobile with P2P platforms. This means that merchants of P2P Platforms are required to download Intrapay App, sign up, and configure their Merchant ID for Payment collection automation.
Server-Server Communication: This enables Intrapay to communicate with a partner (e.g Binance) that their merchant has been added
Name-match Algorithm: This helps to match the asset holders name to the bank account senders name in order to prevent disputes
Auto-reversal: This helps to handle failed transactions or transactions with mismatched sender details.
Transaction Encryption & IP: All transactions communications are encrypted with the state-of-the-art
Intrapay's infrastructure offers benefits to partners and merchants.
Increase P2P Efficiency: By integrating IPPA into your system, your P2P merchant can process more transactions.
Reduces Fraud/Errors: Implementing IPPA reduces transaction errors because from collection to name-match, the payout is automatic and significantly reduces fraudulent attempts.
Convenience: Increases the ease of doing business with partners P2P merchants/users
Cost Benefit: Partners save the significant cost of operations by automating their P2P operations as the number of appeals will decline by 80%
Instant settlement: Merchants are given dynamic virtual accounts to collect payments and are immediately settled.
Name-Match Intelligence: This helps to match a name on transaction details to the name of the asset holder ensuring no mismatch.
Scaling: Merchants are able to process quickly, and end up processing more transactions. Also, Transactions are also processed more accurately.
Auto-reversal: Auto-reversal ensures that when transactions fail funds are reversed to the sender thereby reducing disputes
Blacklisting: Fraudulent actors are immediately blacklisted.
Payout Fee: Merchants get free 10 Transactions monthly after which they pay a flat fee of N15 for every withdrawal.
Collection: 0.15% Capped N1,300. For every collection, merchants are charged 0.15% but not more than N1,000 of the transacted amount at any given transaction.
Instant Settlement: We understand the importance of liquidity for merchants. So, give merchants the ability to immediate settlement.
We have a dedicated team of technical and customer support team to help resolve any transaction-related issues within 24 hours.
WhatsApp Support: https://
Slack Support: https://
Telegram Support: https://
Email Support: help@fuspay.us