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Accept stablecoin pay-ins with real-time settlement. Issue on-chain refunds.

Payments Statuses

Learn more about payment statuses.

Payments FAQ

Get answers to common questions about payments.
Use the Paxos APIs to effortlessly integrate stablecoin payment acceptance into your platform. Features include:
  • Accept PYUSD, USDC and USDP payments via on-chain transfers.
  • Automatically convert the stablecoin to fiat, or opt to hold balances in stablecoin.
  • Reconcile transactions on the Paxos Platform.
  • Settle USD directly to your bank account.
  • Issue refunds to the original Buyer via stablecoin on-chain transfers.
In the documentation, a payment is considered to be the total amount processed, including both the incoming payment (pay-in) and returned payment (refund).

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Pay-ins Workflow

Payments The pay-ins workflow involves two key personas: a Buyer purchasing goods or services using stablecoins and a Seller. The Seller represents either a merchant that provides goods or services, or a payment processor acting as the intermediary to facilitate the transaction. Most pay-in integrations follow a similar workflow for the Seller:
  1. Add a crypto deposit address for a designated Profile, using one of the supported blockchains.
  2. To use stablecoins for pay-ins, share the crypto deposit address with Buyers as a checkout option.
Using a wallet connector or displaying a QR code in the Buyer interface helps to ensure that Buyers send the correct amount and avoid errors.
  1. Configure a pay-in monitoring and reconciliation request to confirm Pay-in transactions on the Paxos Platform.
  2. Withdraw USD to a bank account.

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Refunds Workflow

Issuing a refund is similar to pay-ins, except the funding flow is reversed: USD is first moved onto the Paxos Platform and then the stablecoin refund is sent to the Buyer’s designated wallet. Most refund integrations follow a similar workflow for the Seller:
  1. Send USD to a designated refund account.
  2. Initiate a crypto withdrawal to the Buyer’s designated wallet address, using one of the supported blockchains.
  3. Configure a refund monitoring and reconciliation request to confirm Pay-in transactions on the Paxos Platform.