Skip to main content

Introduction

Welcome to PayByToken, your premier gateway to seamless and secure cryptocurrency payments. In an era where digital currencies are reshaping the financial landscape, PayByToken empowers businesses and developers to integrate stablecoin payments with ease, focusing on reliability, efficiency, and innovation. Whether you're running an e-commerce store, managing subscriptions, or building DeFi applications, PayByToken provides the tools you need to accept payments in stablecoins like USDC and USDT across multiple blockchains.

How it works?​

  1. Customer clicks Checkout on the merchant’s website.

  2. Merchant calls the PayByToken API to create a Checkout Session and receives a hosted checkout URL.

  3. Customer is redirected to the hosted checkout page, selects a payment method, and submits the blockchain transaction.

  4. PayByToken detects the on-chain transaction, updates the Payment Intent status, and sends a CONFIRMED webhook to the merchant.

  5. Once the transaction is finalized on-chain, PayByToken settles the funds into the merchant’s wallet and sends a SUCCEEDED webhook.

  6. Merchant fulfills the order, and the customer receives the goods or services.

PayByToken Flow

The Demand for Cryptocurrency Payments​

Traditional payment systems, while established, come with significant limitations. High transaction fees, slow processing times, and geographical restrictions often hinder global commerce. For instance, cross-border payments can take days to settle and incur fees of 3-5% or more, making them inefficient for small transactions or emerging markets.

Cryptocurrency payments address these challenges head-on. They offer:

  • Speed: Transactions can confirm in seconds to minutes, compared to days for bank transfers.
  • Low Costs: Fees are typically a fraction of traditional methods, often less than 1%.
  • Global Accessibility: No borders or intermediaries—anyone with a wallet can participate.
  • Transparency and Security: Blockchain technology ensures immutable records and reduces fraud through cryptography.

The rise of stablecoins like USDC and USDT has further accelerated adoption. These tokens are pegged to stable fiat currencies (e.g., USD), providing the benefits of crypto without volatility. According to recent reports, stablecoin transaction volumes surpassed $6 trillion in 2024, underscoring their role in everyday finance.

Application Scenarios for PayByToken​

PayByToken is designed for a variety of real-world use cases, making it versatile for businesses of all sizes:

  • E-Commerce and Online Retail: Accept stablecoin payments for goods and services, reducing chargebacks and enabling instant settlements. For example, an online course platform can use PayByToken to let users pay with USDC for instant access to content.
  • Subscription Services: Set up recurring payments with stablecoins, ideal for SaaS platforms or content creators. Our webhook system notifies you of payment statuses in real-time.
  • Cross-Border Remittances: Facilitate low-cost, fast transfers for freelancers or international teams, bypassing traditional banking rails.
  • DeFi Integrations: Connect to decentralized apps for automated payouts or balances, such as distributing rewards in gaming or yield farming platforms.
  • In-Game and NFT Economies: Enable seamless transactions in virtual worlds or NFT marketplaces, where users prefer stablecoins to avoid volatility.

With PayByToken, you can handle everything from one-time purchases to ongoing subscriptions, all secured by blockchain technology.

Our Key Features​

PayByToken offers a comprehensive suite of features tailored to stablecoin payments:

  • Checkout Sessions: Create secure, customizable checkout experiences with support for USDC and USDT on chains like Base and Ethereum. Redirect users to a hosted payment page or integrate directly into your app.
  • Payment Intents: Generate payment intents for direct wallet transfers, with one-time addresses for enhanced security. Track status changes from "requires_payment_method" to "succeeded" or "failed".
  • Payouts: Initiate manual or scheduled payouts to destination addresses, with approval workflows if needed. Monitor statuses like "pending" to "succeeded".
  • Balances: Retrieve real-time available and pending balances across chains and currencies, enabling accurate accounting.
  • Webhook Endpoints: Set up webhooks for event notifications (e.g., payment confirmed, payout succeeded). Update endpoints easily with PATCH requests.
  • Pagination and Filtering: List resources (e.g., payment intents, payouts) with offset and limit for efficient data retrieval.

PayByToken's Unique Advantages​

What sets PayByToken apart from other cryptocurrency payment platforms like Stripe Crypto, BitPay, or Coinbase Commerce?

  • Focus on Stablecoins: We specialize in USDC and USDT, ensuring low volatility and high liquidity. Unlike platforms that support volatile assets like BTC, we minimize risk for merchants.
  • Multi-Chain Support: Seamless integration with Ethereum, Base, BNB Chain, and more, with low-gas chains like Base for cost-effective transactions. Competitors often limit to a single chain or charge higher fees.
  • Developer-Friendly: Simple API endpoints with clear documentation, webhooks for real-time updates, and no complex onboarding. Our SDKs (coming soon) will make integration even easier.
  • Security and Compliance: One-time addresses prevent reuse attacks, and webhook secrets for signature verification. We prioritize data privacy with encrypted metadata.
  • Scalability: Handle high-volume transactions with pagination and real-time status updates, ideal for growing businesses.
  • Customization: Metadata fields for custom data, and flexible payout types (manual, schedule, instant) not always available in competitors.

PayByToken is built for the future of finance, where stablecoins bridge traditional and decentralized economies.

If you have any questions or need assistance getting started, reach out to our support team. Let's build the future of payments together!