Summary of Supported Configurations

This page provides a high-level summary of the supported configurations for initiating transactions using Saber Money. The configurations include fiat currencies (from_currency), cryptocurrencies (to_currency), blockchain networks (network), and available payment methods.

Supported Parameters

Payment Methods Overview

The available payment methods depend on the from_currency. Below is a quick summary of the supported payment methods and their respective workflows.

For EUR and GBP

User Flow:

1. User Creation
2. User KYC through KYC Widget or KYC Sharing
3. Bank Selection and Payment Authorisation through Open Banking payment URL
4. Redirection to the configured URL post payment

Settlement time:

• SEPA Instant/Faster Payments
  • We enforce SEPA Instant/Faster Payments by default if supported by the sender bank.
  • Funds settle instantly in these cases
• SEPA
  • If instant methods are not supported by the sender bank, funds typically settle within 1-2 business days.

Transaction Limits and Minimum

• EURO
  • Min: €1
  • Max: NA (Depends on sender bank)
• GBP:
  • Min: £1
  • Max: NA (Depends on sender bank)
• Further limits applicable as per the user's KYC level.

Additional notes:

• Please ensure that the redirect URL is configured with Saber. This URL is required to redirect the user from the payment page.
• The payment URL, once generated, expires after 1 hour if the payment is not received.

For AED

User Flow:

1. User Creation
2. User KYC through KYC URL
3. Source Bank Account addition
4. Transaction Initiation: Deposit Bank Details Shown to User
5. User makes the payment from the registered bank account

Transaction Limits and Minimum

• Min: 2000 AED
• Max: NA (Depends on sender bank)
• Further limits applicable as per the user's KYC level.

Additional Notes:

• Source Bank IBAN (bank account from which payment will be made by the user) needs to be added upfront using the Bank Account Addition endpoint.
• Required bank account details:
  • Account Holder Name
  • IBAN
  • Bank Name
  • Account Type
• Order expires after 72 hours if no payment is received from the registered IBAN
• KYC to be done through the KYC Partner URL method only.
• Manual KYC/Bank Verification in Sandbox is not possible.

For USD

User Flow:

1. User Creation
2. User KYC through KYC URL
3. USD bank account linking through Plaid using Saber Widget
4. Transaction Initiation: Fiat pulled from the linked bank account

Transaction Limits and Minimum

• Min: $1
• Max: $6,000
• Further limits applicable as per the user's KYC level.

Settlement time (ACH Pull):

• All ACHs are high-priority ACHs (i.e., same-day ACHs) and typically follow this schedule on processing days:
  • The cutoff time for the first batch is typically 1030 ET, and the funds are generally settled by 1300 ET
  • The cutoff time for the second batch is typically 1445 ET, and the funds are generally settled by 1700 ET
  • The last cutoff time of the day is at 1650 ET, and the funds are generally settled by 1800 ET
• Settlements are delayed if:
  • The user is flagged as risky by the banking partner based on the user's previous transaction patterns. The funds are held for 2 days in this case.
  • Outside ACH processing window (eg, weekends)

Additional Notes:

• User's USD bank account needs to be linked through Plaid Widget before onramp can be initiated.
• KYC to be done through the KYC Partner URL method only.
• Manual KYC/Bank Verification in Sandbox is not possible.
• The merchant needs to maintain a reserve amount ($5,000) with Saber to account for any ACH reversals on their users.

For INR (Not available right now)