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

Intrapay P2P Payment Automation (IPPA).

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)

Who is a Partner?

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.

Who is a Merchant?

A merchant is a user of a crypto exchange platform that buys and sells assets using the P2P channel

How it works.

For P2P Buyers

How Payment automation works when a user is trying to buy Assets using the IPPA

Merchant Onboarding on Intrapay

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.

How Merchant set up payment Automation on Intrapay Mobile App.

Features of the IPPA

1. Server-Server Communication: This enables Intrapay to communicate with a partner (e.g Binance) that their merchant has been added

2. Name-match Algorithm: This helps to match the asset holders name to the bank account senders name in order to prevent disputes

3. Auto-reversal: This helps to handle failed transactions or transactions with mismatched sender details.

4. Transaction Encryption & IP: All transactions communications are encrypted with the state-of-the-art

Benefits

Intrapay's infrastructure offers benefits to partners and merchants.

Benefits to Partners

1. Increase P2P Efficiency: By integrating IPPA into your system, your P2P merchant can process more transactions.

2. Reduces Fraud/Errors: Implementing IPPA reduces transaction errors because from collection to name-match, the payout is automatic and significantly reduces fraudulent attempts.

3. Convenience: Increases the ease of doing business with partners P2P merchants/users

4. Cost Benefit: Partners save the significant cost of operations by automating their P2P operations as the number of appeals will decline by 80%

Benefits to Merchants

1. Instant settlement: Merchants are given dynamic virtual accounts to collect payments and are immediately settled.

2. Name-Match Intelligence: This helps to match a name on transaction details to the name of the asset holder ensuring no mismatch.

3. Scaling: Merchants are able to process quickly, and end up processing more transactions. Also, Transactions are also processed more accurately.

4. Auto-reversal: Auto-reversal ensures that when transactions fail funds are reversed to the sender thereby reducing disputes

5. Blacklisting: Fraudulent actors are immediately blacklisted.

Commercial & Settlement Terms

• 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.

Dispute Resolution & Issues Handling

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: [e-mail]