Payments How-To

What Are Payments?

You can think of a Payment as a one-time invoice which is a request for cryptocurrency payment that is connected to its unique cryptocurrency address as well as the amount that must be paid during the payment window.

Once the payment is created, we start monitoring the payment's cryptocurrency address in order to detect the incoming transaction.

pageCreating Payments

Payment Workflow

Payments have four final statuses: COMPLETE, UNDERPAID, EXPIRED, and CANCELLED. Check the link below to understand the payment workflow.

pagePayment Workflow

Payment Webhooks

Coindirect sends webhooks to your Webhook URL whenever we detect a transaction at the payment cryptocurrency address or the payment status changes.

pagePayment Webhooks

You can set up your Webhook URL on the Merchant Details page in your business account.

pageMerchant IDs

IMPORTANT

There are a few things to make sure of to avoid issues while accepting payments:

Please deem the payment finalized on the Coindirect side once it updates the status to "complete" or "underpaid"

Please do make another GET /api/v1/pay/:uuid/summary call to check the payment status via the API

Once you receive either"status": "COMPLETE" or "status": "UNDERPAID"from GET /api/v1/pay/:uuid/summary,please finalize the payment on your side and update the payment amount based on the displayCurrency.actual value in the payload

Once you finalize the payment on your side, please ensure that no more transactions will appear on the customer's balance in case you receive further webhooks with the same payment UUID from us - this is to avoid potential issues with duplicate transactions on the customer’s balance

pagePayment Hosted Page

To get familiarized with the payment API, please visit the below link:

pagePayments

If you have any questions, do not hesitate to contact your Account Manager or Technical Implementation Manager at Coindirect.