Glossary

Basic terms of Crypto Acquiring

Invoice

An itemized bill for the products or services merchant offers that must be paid in cryptocurrency.

Merchant

An individual or organization with access to Inqud's API and authorized to use the Crypto Acquiring API.

Payment

A payment refers to an actual incoming blockchain transaction processed by Swapple, which is visible on the invoice’s page.

Request

A demand for payment, specifying a certain amount of a certain currency.

User

Or end user (interchangeably), a customer of a merchant who will pay in cryptocurrency for the merchant's services or goods.