Thanks to everyone here at SCF who tried our demo shop or made an account to poke at our product. For all of you who didn't dive that deep, we've put together a few screenshots to show you what the platform looks like from the perspective of registered merchants.
Once a merchant integrates with the COINQVEST API, he can start getting paid in native Bitcoin, Ethereum, Litecoin, XRP, XLM or any other assset on the Stellar Network. Completed payments are instantly added to the merchant's dashboard and transaction history.
The above screenshot shows payments originating on the Stellar Network, Bitcoin and XRP ledger. The payments have been captured on their native blockchains by our crypto anchors and been settled as USD using path payments on the SDEX.
A payment can be inspected in detail and includes information about the related charge, customer, API requests, blockchain transactions and accounts associated with the payment, as well as additional context information collected during the checkout:
In above example, the customer paid the equivalent of 25.00 USD in native Bitcoin and the merchant opted for settlement in USD. Payment information is exportable to a CSV file by itself or in bulk alongside all other payments in e.g. a fiscal year. A payment can be refunded, if the merchant is willing to do so.
An invoice is generated from the payment details and can be printed to paper or PDF:
Merchants create relations between customer and payment objects when specifying a charge. A customer can be inspected and edited via UI or API and is linked to its payments, blockchain accounts and related API requests.
COINQVEST keeps track of a merchant's customers and provides interfaces to create, edit or delete them via UI or API.
Whenever an API request is made, the platform keeps an extensive log, which includes the HTTP request body and headers, as well as the HTTP response and additional context information. This is extremely useful for developers.
A merchant can opt to withdraw captured funds via API or using a web browser. Below is the withdrawal UI flow, demostrating a withdrawal from a USD wallet directly into an NGN bank account.
In the first step, the merchant decides how much he wants to withdraw.
In the second step, the merchant decides whether to withdraw to a blockchain (e.g. Bitcoin or the Stellar Network) or directly into a bank account.
COINQVEST currently integrates with anchors for and supports NGN, EUR and USD. We are adding more fiat off-ramps as they become available on the Stellar Network. Two more fiat currencies launching soon.
The merchant is presented with the calculated withdrawal amount. In this example he's converting 86.67 USD into 37,721 NGN. This happens using the SDEX and Stellar path payments in the background.
The merchant provides his bank account information. In this case he's withdrawing to a Nigerian bank account on the NUBAN network.
In the last step, the merchant reviews the withdrawal information and confirms the request. Once submitted, 37,721 NGN are deposited into the merchant bank account within literally two minutes. This is thanks to the excellent service provided by our NGN anchor Cowrie, who are connected to the NUBAN banking system.
All this is currently live and we started processing payments for our first live merchants. It took us two years to get here but our roadmap only keeps growing. We'd love to get your vote and support! Please let us know anytime if you have questions. Thanks!
More info at www.coinqvest.com