Overview and Architecture

Saber onramp provides a fast offramp experience for selling cryptocurrencies for fiat.

Why Choose Saber for Offramps?

Saber provides a secure, reliable, and user-friendly solution for businesses to enable fiat offramps, allowing seamless conversion of crypto assets into fiat currency. Here are the key reasons to choose Saber Money:

  1. Competitive Conversion Rates:

    • Saber Money offers some of the best conversion rates tailored to the Indian market.
    • Supports multiple fiat currencies, including INR, GBP, and EUR.
  2. Regulatory Compliance:

    • Built-in KYC checks and tax compliance services simplify regulatory alignment and tax reporting.
  3. Security and Reliability:

    • Advanced encryption, fraud prevention, and real-time transaction monitoring ensure secure and uninterrupted transactions.
  4. Comprehensive Payment Support:

    • Multiple payment methods are supported, including UPI, IMPS, NEFT, and RTGS.
    • Multi-currency transactions enable businesses to cater to diverse user needs.

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Note: Currently, Saber’s offramp services are limited to Indian bank accounts, with plans to expand to additional jurisdictions and currencies.


Transaction Flow


  1. Transaction Initiation:

    • The user initiates an offramp request via the API or SDK.
  2. KYC Check:

    • The system verifies the user’s KYC status. If incomplete, additional details must be provided.
  3. Conversion:

    • Crypto is converted to fiat at competitive rates upon successful KYC verification.
  4. Fee Deduction:

    • Applicable fees are calculated and deducted before the final payout.
  5. Outgoing Payment:

    • Fiat is transferred to the user’s bank account using the selected payment method.
  6. Status Update:

    • The system updates the transaction status at each step, providing real-time tracking and confirmation.

Key Components

  1. API Layer:

    • Provides endpoints for all key operations, including initiating transactions and managing payouts.
  2. KYC and Compliance Module:

    • Handles regulatory checks, ensuring compliance with KYC and AML standards.
  3. Conversion Engine:

    • Converts crypto to fiat using real-time rates, offering competitive pricing.
  4. Payment Processor:

    • Manages outgoing payments to user bank accounts via UPI, IMPS, NEFT, or RTGS.
  5. Monitoring and Logging:

    • Tracks transactions in real-time, ensuring full visibility and traceability.
  6. Security Layer:

    • Protects transactions with encryption, HMAC authentication, and fraud prevention mechanisms.

Security Features

  1. Encryption:

    • Safeguards user and transaction data both at rest and in transit.
  2. HMAC Authentication:

    • Secures API endpoints against unauthorized access.
  3. Fraud Detection:

    • Monitors and flags suspicious activities in real-time.

Conclusion

Saber Money’s offramp solution provides businesses with a secure, compliant, and developer-friendly platform for enabling fiat withdrawals. With robust features, seamless integration, and top-notch security, Saber ensures a superior experience for both businesses and users.