Configuring Currency and Payment Methods

Supported configurations for initiating transactions, based on three 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).

Available Payment Methods depend on this combination — see the breakdown below.

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Supported Configurations

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Payment Methods by Currency

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For INR

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1. UPI Intent Methods

• Description: The user is redirected to a specified UPI app to complete the payment.
  • Available intent methods are gpay_intent, phonepe_intent, paytm_intent, and other_upi_intent (the generic “any other UPI app” intent).
  • 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 or converted into a QR code for scanning by the user.
• Advantages: Seamless flow; no manual reconciliation needed.

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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 and creates the transaction along with the UTR via Initiate Transaction API.
• Purpose: The UTR is used to reconcile the payment and map it to the transaction.

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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 and creates the transaction along with the UTR via Initiate Transaction API.
• Purpose: The UTR is used to reconcile the payment and map it to the transaction.

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For EUR and GBP

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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 and creates the transaction 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.

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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 and high fees for the user.

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3. Openbanking

• Description: The user gets a link where they can authorise their bank account for a sepa/sepa_instant pull.
• How to Use:
  • Pass the required method while initiating a transaction.
  • In the response, a redirect URL is provided.
  • The user completes the payment on the redirected page.
• Notes:
  • Please ensure your redirect URL is configured with Saber team.
  • Redirect URL format: {base_url}/?reference={reference_id}&order-id={order_id} — base_url needs to be configured for user redirection after payment completion; handling for reference_id needs to be done where reference_id = transaction_id of the given transaction.
  • Please refer to the best practices for Openbanking integration.

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Summary of Payment Methods by Currency

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