Bitcoin invoices and payments

Make use of Bitcoin offramp APIs by Bringin to enable your users not only to create bitcoin invoices to the user’s wallet but also to their bank account if they wish to. Every time the invoice is paid with Bitcoin, the bitcoin is converted to fiat instantly and credited to the invoice creator’s bank account instantly and safely. 

It allows freelancers and contractors to accept payment with Bitcoin if the client requests. It is especially more useful if the client is from another jurisdiction and the client is a Bitcoin startup. 

 

 

Crypto

Bitcoin invoices to bank account - how it works

  • User onboarding: We provide modular APIs to sign up users to Bringin. Users will have to do a simple KYC. We provide a KYC link for each user to perform KYC. You can subscribe to webhooks for notifications for every KYC activity of the user.
  • Addresses for Bitcoin invoices generated for each user: Addresses will be provided to each user. These addresses should be part of the Bitcoin invoice if the user wishes to get paid in fiat. Once the Bitcoin lightning invoices are paid we auto-convert them to fiat instantly. We also support L2 like Bitcoin lightning.

  • User is provided IBAN account: Every user who is onboarded will get an IBAN account. You can use the APIs to get Account details. Once we auto-convert Bitcoin to Euro, the euro is deposited to this IBAN account. The user gets a dashboard to manage the IBAN account to send and receive funds to it. You can create your own dashboard as well.

  • Withdraw to User’s favourite bank account: Once fiat is credited to the user’s IBAN account, we initiate a SEPA instant transfer to the beneficiary account to which the invoice is generated. The user will have to verify withdrawal with a one-time password sent to their mobile by us. Once verified, the user will receive fiat in their bank account in a minute (if the bank supports SEPA instant). 

Other benefits

  • Need not worry about compliance: Providing a Bitcoin-fiat offramp feature to users will require businesses to be regulated to prevent Money Laundering. This means getting a license to comply with regulations prescribed by financial institutes or to operate in the grey area depending on the jurisdiction. With Bringin offramp solution, you do need not to do all these as we take care of bitcoin to fiat offramp in the safest way complying with the regulations. Use APIs to control the flow of funds without bearing any risk of compliance.


  • Extra revenue: Generate additional revenue. We allow you to add an additional transaction fee (a small percentage of the transaction) on each transaction allowing you to make money. We provide the best Bitcoin offramp rate in the market, allowing you to charge more for the service you provide to your users. We do payout once every month to your bank account with a detailed report to help with your accounting needs.


  • A dashboard to view and manage transactions:  We provide a dashboard so that you can manage all the Bitcoin invoice transactions made by users. Get more insights on user behaviour. Export the statements of each user.


  • No monthly commitments:  The best part of using Bringin APIs is that you can access our APIs for free, and build the product on the sandbox for free. Once done, you can request the production keys and take the product to live without having any monthly payment commitments. We make a flat 1% on each transaction made.

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