Supported Configurations for Transactions

This page provides details of supported configurations for initiating transactions. The configurations depend on the following parameters:

• From Currency: The fiat currency used for payment (e.g., INR, EUR, GBP).
• To Currency: The cryptocurrency being purchased (e.g., USDT; other tokens available on request).
• Network: The blockchain network used (all major networks supported).

Based on these configurations, different Payment Methods are available. Below is a detailed breakdown of supported configurations and payment methods.

Supported Configurations

Payment Methods by Currency

For INR

1. UPI Intent Methods

• Description: The user is redirected to a specified UPI app to complete the payment.
  • No need to fetch beneficiary details or update transaction references manually.
  • Post-payment, the status (success, failed, or pending) is reflected on the platform automatically.
• How to Use:
  • Pass the required method when initiating the transaction.
  • In the response, a redirect URL is provided.
  • The redirect URL can be:
    • Displayed as a clickable link.
    • Converted into a QR code for scanning by the user.
• Advantages:
  • Seamless flow.
  • No manual reconciliation needed.

2. UPI Transfer

• Description: A manual transfer method where the user makes payment to a UPI ID provided by the system.
• How to Use:
  • Fetch UPI ID using the Fetch Beneficiary API.
  • The user transfers the specified amount using their UPI app.
  • After payment, the user:
    • Retrieves the UTR/Transaction Reference from the UPI app.
    • Create the transactions along with the UTR Initiate Transaction API.
• Purpose:
  • The UTR is used to reconcile the payment and map it to the transaction.

3. Bank Transfer

• Description: A manual transfer method where the user transfers the specified amount to a bank account.
• How to Use:
  • Fetch bank account details using the Fetch Beneficiary API.
  • The user transfers the amount using their banking app.
  • After payment, the user:
    • Retrieves the UTR/Transaction Reference from the banking app.
    • Create the transactions along with the UTR Initiate Transaction API.
• Purpose:
  • The UTR is used to reconcile the payment and map it to the transaction.

For EUR and GBP

1. Bank Transfer (sepa_transfer)

• Description: A manual transfer method where the user transfers the specified amount to a bank account.
  • Payment is done via SEPA or SEPA Instant Transfer.
  • SEPA Instant is recommended for faster transactions.
• How to Use:
  • Fetch bank account details using the Fetch Beneficiary API.
  • The user transfers the amount using their banking app.
  • After payment, the user:
    • Retrieves the Transaction Reference from their banking app.
    • Create the transactions along with the Transaction reference and sender's IBAN using Initiate Transaction API.
      .
• Purpose:
  • The Transaction Reference and IBAN are used to reconcile the payment and map it to the transaction.

2. Card Transfer

• Description: The user is redirected to a link where they can enter their card details and complete the payment.
• How to Use:
  • Pass the required method when initiating the transaction.
  • In the response, a redirect URL is provided.
  • The user completes the payment on the redirected page.
• Notes:
  • Not preferred due to:
    • Low success rates.
    • High fees for the user.

Summary of Payment Methods by Currency

For any queries or assistance, please contact the Saber Money support team.