CoinPayments Integration Information – Step 1: Account Setup

CoinPayments Integration Information Steps

Overview of Step 1: Account Setup 

By the tip of this information, you’ll: 

• Full account verification to unlock full platform options. 
• Customise your account settings for a seamless expertise. 
• Arrange fee preferences to fit your enterprise wants. 

This information is designed to make onboarding easy and easy. Comply with the steps, and also you’ll be prepared to make use of the platform very quickly. 

Signal Up 

1. Create Your Account 
   • Go to the CoinPayments web site, click on on Signal Up to Create your CoinPayments account.  
   • Enter your electronic mail, create a robust password, and conform to the phrases and situations.   

2. Verify your electronic mail field for a code to confirm your electronic mail 
    
3. Allow Two- Issue Authentication (2FA) 
   • Safe your account with 2FA instantly after signing up. 
   • Select between E-mail and Google Authenticator methodology to additional safe your CoinPayments account. 

Tip: You may change your authenticator methodology out of your account settings later if wanted. 

4. Entry the Sandbox Surroundings 
   • When you’ve signed up, discover the sandbox surroundings with LTC check currencies to check out totally different transaction varieties and integrations. 

Suggestions for Sharing Account Entry Amongst A number of Customers 

If a number of customers want entry to your CoinPayments account, observe these greatest practices to make sure safe and seamless entry: 

1. Share Login Credentials: 
   • Present the login electronic mail handle and password to all licensed customers. 
   • Guarantee all customers perceive and observe your group’s safety insurance policies. 

2. Coordinate E-mail and 2FA Entry: 
   • Use a shared electronic mail handle because the login and 2FA verification methodology. 
   • Set a novel password for the e-mail account that’s totally different from the CoinPayments account password to reinforce safety. 

3. Utilizing Google Authenticator for 2FA: 
   • When organising 2FA with Google Authenticator, take a screenshot of the QR code or copy the verification code through the preliminary setup. 
   • Share the code securely with all customers who require entry, guaranteeing they arrange their very own verification app promptly. 

Vital: Delete the code instantly in spite of everything customers have configured their apps to keep away from unauthorized entry. 

Account Verification 

Verification is a necessary step to unlock the complete options of your CoinPayments account. It ensures compliance with regulatory necessities, enhances safety, protects you from potential fraud and gives entry to superior platform options. 

We perceive that verification can generally really feel overwhelming, so we’ve simplified the method with a tiered strategy tailor-made to your account kind – whether or not private or enterprise. This ensures you present solely what’s obligatory in your particular wants. 

To additional streamline the method, we’ve partnered with SumSub, a trusted platform utilized by main monetary establishments. SumSub prioritizes information safety, adhering to GDPR and different compliance requirements, so you’ll be able to full your verification with confidence. 

This information will stroll you thru every step of the verification course of, outlining necessities for private and enterprise accounts, and present you methods to get assist if wanted.   

Account Sort

At CoinPayments, we provide two principal account varieties to fit your wants: Private Account and Enterprise Account. Right here’s what every entails and the steps to finish verification: 

Private Account: 

• Splendid for people utilizing the platform for private transactions. 
• Steps to Confirm: 

1. Affirm your tax residence nation. 
2. Present your private data. 
3. Submit a government-issued identification doc (e.g., passport). 
4. Present proof of handle (e.g., utility invoice). 
5. Carry out a liveness verify utilizing your webcam or cell machine. 
6. Full a brief questionnaire to finalize verification. 

Enterprise Account: 

• Designed for companies, with choices for unincorporated and integrated entities. 

Unincorporated Enterprise: 

1. Choose your online business kind. 
2. Full a business questionnaire. 
3. Affirm the tax residence nation. 
4. Present private data of the enterprise proprietor. 
5. Submit proof of identification. 
6. Present proof of handle. 

Integrated Enterprise: 

1. Choose your online business kind. 
2. Submit a certificates of registration and make sure the nation of incorporation. 
3. Full a enterprise questionnaire. 
4. Present a certificates of incorporation. 
5. Submit particulars of UBOs (Final Useful Homeowners). 
6. Present details about firm representatives. 
7. Submit particulars of firm administrators. 

Be aware: For those who encounter points throughout verification, entry the assist menu and submit a assist ticket for additional help. 

Resolving Id Verification Points  

For those who encounter challenges through the verification course of, and the difficulty can’t be simply resolved by means of your verification dashboard, right here’s methods to get assist: 

1. Entry the Help Menu: 
   • Log in to your CoinPayments account. 
   • Navigate to Account > Help from the dashboard. 

2. Present Particulars In regards to the Problem: 
   • Clearly describe the issue you’re dealing with (e.g., unsupported doc kind, unclear information, and many others.). 
   • Connect any related screenshots or information to assist your request. 

3. Submit a Help Ticket: 
   • As soon as your particulars are added, submit the ticket by means of the assist interface. 
   • A buyer assist consultant will evaluation your request and speak to you. 

Our assist workforce is devoted to serving to you resolve any identification verification points it’s possible you’ll encounter. We recognize your cooperation and understanding all through the verification course of. 

If further paperwork are wanted based mostly in your firm’s nation of incorporation, area, or possession construction, we are going to promptly request them to expedite the onboarding course of. In case your submission meets our preliminary necessities, you’ll obtain an electronic mail with hyperlinks to confirm firm shareholders and/or representatives. 

Setting Up Your Account 

Account Settings 

When you’ve created your account and logged in, right here’s how one can customise your settings for a seamless expertise. 

1. Navigate to Account Settings: 
   • Log in to your CoinPayments account. 
   • Go to Account > Settings from the dashboard. 

2. Customise Preferences: 
   • Alter the next to fit your wants: 
     • Timezone: Set your native timezone for correct transaction timestamps. 
     • Most well-liked Fiat Forex: Select a default fiat foreign money for displaying balances. 
     • Notifications: Allow or disable electronic mail and SMS alerts for account exercise. 
     • 2FA Technique: Replace or change your Two-Issue Authentication methodology. 
     • Password: Change your password to keep up safety. 
     • Id Verification: If not but accomplished, you’ll be able to finalize verification from this tab 

Tip: Recurrently replace your preferences to make sure your account is safe and up-to-date. 

Cost Settings 

Managing your fee settings is essential to making sure your operations run easily. This part will information you thru optimizing your payouts and different choices for seamless operations.  

CoinPayments makes this course of easy by making use of superior optimization mechanisms. By batching payouts and minimizing particular person transaction charges, it can save you time and scale back prices.  

1. Entry Cost Settings 
   • Navigate to Cost Settings from the dashboard to get began. 

2. Select Payout Modes: 
   • Resolve the way you need to deal with your payouts for every enabled foreign money  

• Obtainable choices are: 
  • To Stability: Obtained funds are saved in your principal CoinPayments pockets for the chosen foreign money. For safety, these funds are accessible solely by means of the CoinPayments Dashboard UI. 
  • To Deal with: Funds are despatched to the handle or pockets ID specified by you as quickly as they’re acquired by CoinPayments. This may be an inner CoinPayments pockets (service provider/API handle) or an exterior pockets. Funds despatched to a CoinPayments pockets are accessible by means of each the Dashboard UI and API integration. 
  • Hourly to Deal with: Funds are grouped and despatched to the desired handle or pockets ID each hour. This selection helps scale back community charges. Funds despatched to a CoinPayments pockets stay accessible by way of each the Dashboard UI and API integration. 
  • Nightly to Deal with: Funds are grouped and despatched each night time at roughly midnight (GMT-05:00). This selection additionally helps save on community charges. Funds despatched to a CoinPayments pockets stay accessible by way of each the Dashboard UI and API integration. 
  • Weekly to Deal with: Funds are grouped and despatched each Sunday at roughly midnight (GMT-05:00). This selection is right for minimizing transaction prices. Funds despatched to a CoinPayments pockets stay accessible by way of each the Dashboard UI and API integration. 

3. Allow Payout Conversion: 
   • Convert incoming funds into one other foreign money earlier than they’re despatched to your pockets. For example, you’ll be able to arrange Bitcoin (BTC) funds to be transformed into Litecoin (LTC) and despatched on to your LTC pockets. 

4. Set Reductions and Markups: 
   • Incentivize your prospects to make use of sure currencies by providing reductions. 
   • Apply markups to particular currencies to offset any related community charges. 
   • Choose an possibility for every foreign money from the dropdown listing. Then present the worth of the low cost or markup. 

Tip: Use reductions to information buyer preferences and save on transaction prices! 

5. Handle Underpayment Settings: 

Cryptocurrency charges are unstable which regularly results in underpayments from prospects. Nonetheless, generally it’s extra helpful for the service provider to obtain the fee with a small underpayment somewhat than lose the deal utterly. 

Set the underpayment quantity in absolute fiat worth or share from the acquired fee to shut the offers promptly with out coping with refunds and double-payments: 

1. Choose the fiat foreign money in line with which the underpayment worth is calculated: 

2. Set the worth of underpayment within the absolute worth of the foreign money or in share of a fee.  

Able to Transfer on to the Subsequent Step?

Click on right here to go to Step 2: Integration