Paybis Send: What It Is, Why It’s Important, and How You Can Benefit From It

If your business has ever had to deal with crypto payouts, you’re probably more than familiar with the problems that come with it. Complex crypto transactions, delays, security concerns, difficulty tracking transaction statuses, and high fiat payout costs make cross-border payments a hassle.

That’s why we launched Paybis Send, an API-based payout solution that facilitates and simplifies crypto payouts. In our latest article, we’ll go over everything there is to know about Paybis Send, and more importantly, explain how your business can benefit from this solution.

About Paybis

Paybis is a highly trusted global cryptocurrency exchange platform and service provider, operating in more than 180 countries worldwide. Created by a group of blockchain enthusiasts, we aim to make crypto exchanges and management easy, fast, reliable, secure, and accessible to anyone, anywhere.

The company was established in 2014 as a crypto exchange platform, but since then, we’ve grown rapidly. Today, our list of services reaches far beyond exchanges as we started working on a portfolio of B2B products, offering centralized cryptocurrency exchanges to solve the problem of how to send crypto without investing in building in-house infrastructure. And our latest addition includes Paybis Send.

What is Paybis Send?

Paybis Send is an API-based user-friendly solution that makes it easier for businesses to handle cryptocurrency payouts, and generate additional revenue by charging a transaction fee for every crypto payout request.

Over 1.6 billion people worldwide don’t have access to traditional banking services. This translates to over 20% of the global population. With Paybis Send, you can send crypto payments to people in these underserved areas, helping your business connect with a wider audience.

Businesses operating in high-risk sectors like gaming, advertising, freelancing, or others can integrate Paybis Send and use it to pay freelancers, employees, counterparties, or publishers in their preferred cryptocurrency.

Simplicity is key, and our developers made sure to build Paybis Send to be just that. The solution was created to be easily integrated with your business payment workflows to initiate and manage crypto transactions effortlessly, to any crypto wallet.

The Paybis API handles the entire payout process, from verifying the recipient’s wallet address to processing the payment from a pre-funded balance, all in USDT (Tether) to ensure transparent and efficient fund transfers. This means that once you execute a payout request, our API will take it from there, and provide you with real-time updates on all transaction details.

Why Should You Choose Paybis Send?

There’s more than one crypto payment streamlining solution out there, so why should Paybis Send interest you?

The need for global payments is increasing, but it comes with its fair share of challenges. This includes high fiat transaction fees, slow processing times, and lack of transparency leading to fraud & security risks – not to mention the overall lack of accessibility.

As an alternative, crypto transfers are becoming increasingly popular. Statista reports that cryptocurrency payouts are projected to grow 17% by 2030. However, since the market is still relatively small and new, we’re introducing Paybis Send to help businesses integrate crypto payouts more easily and effectively. Key features include:

• Global accessibility. Paybis Send is available in over 180 countries worldwide.
• Seamless API integration. Regardless of your existing systems, our API is built with the end customer in mind, making the integration process and sending crypto seamless.
• Improved user experience. Paybis Send offers fast, secure, and easy crypto payouts to boost the user experience. Moreover, users receive their payments immediately, leading to higher satisfaction rates.
• Increased revenue potential. Paybis Send lets businesses tap into the growing crypto market and make money with every payout, increasing ROI.
• Real-time transaction transparency. With our API-based solution, you can track and monitor all transactions every step of the way for better operational oversight and increased trust.
• API scalability and flexibility. Paybis Send is incredibly adaptable, so whether you’re a small platform looking to introduce crypto payouts or a large enterprise processing high volumes of transactions, Paybis Send can scale to meet your needs.
• No setup fees & tier-based pricing. With Paybis Send, you won’t have to pay any network, setup, or maintenance fees. Our API solution offers tiered pricing that can be tailored to your unique business needs.
• Growing number of supported cryptocurrencies. Choose between BTC, USDT (ERC20, TRC20, Polygon), and USDC (ERC20, Polygon) for crypto payouts.

How Does Paybis Send Work?

The Paybis Send solution is powered by an advanced API, making the entire process pain-free. Here’s a breakdown of how the process works in 5 simple steps:

• Step 1: Wallet address validation. Before initiating a payout, you have to verify whether the recipient’s wallet or mobile wallet address is correct and compliant by using the Paybis Crypto Address Screening API.
• Step 2: Crypto amount input. The API calculates how much crypto to send based on the fiat amount you provide to ensure your users get the correct amount despite crypto market price changes.
• Step 3: Payout request initiation. After validating the crypto wallet address and providing the crypto amount, you can then send a payout request via our API. The Paybis system is designed to handle these requests quickly and efficiently, all in a few minutes.
• Step 4: Fund transfer transaction. We handle the crypto transfer process using your pre-defined balance in USDT for smoother and faster payouts, avoiding network congestion.
• Step 5: Real-time transaction updates. During the payout process, Paybis sends real-time updates through webhooks. These updates provide full visibility, letting you track the progress of each transaction.

This straightforward process makes managing crypto payouts a breeze for businesses. It’s an efficient way to handle digital currency transactions and enhance the customer experience for your users.

How to Integrate Paybis Send?

The API integration process is simple and only involves adding a number of code lines. Once that’s done, our technical team will start working on setting up a payout structure.

We ensure that every client gets a dedicated account manager and technical support for assistance with API integrations, webhooks, sandbox setups, singing requests, and any other questions or issues you might have. For more information, you can always check our documentation.

Streamline Crypto Payouts Easily with Paybis

Cryptocurrency payments are fast becoming a popular payout method for global transactions. However, despite the increased need for alternative payouts, it remains a difficult option for many companies as it requires new workflows, infrastructure, resources, and time.

Paybis Send could be a game-changer for businesses looking to offer crypto payouts to their users. With its easy integration, enhanced user experience, and the potential to generate additional revenue, our API solution could become the key tool for the growing demand for cryptocurrency transactions.

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Written by

Alanta Kaminskaite

Alanta is a tech content writer with over four years of experience and a deep passion for everything technology-related. She's worked in global IT companies and specializes in internet security, blockchain technologies, and AI advancements.