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.