Payments
Overview
Manage your cryptocurrency and fiat transactions with deposits, conversions, and transfers in Devdraft
The Payments section provides comprehensive tools for managing your cryptocurrency transactions, including receiving funds through deposits, converting between currencies, and sending transfers to external accounts.
Payment Features
Devdraft’s payment system consists of three main components:Deposits
Receive Funds
- Bank wire transfers (USD/EUR)
- ACH push deposits
- External wallet transfers
- QR code wallet deposits
Conversions
Currency Exchange
- Convert between supported cryptocurrencies
- Real-time exchange rates
- Transparent fee structure
- Instant processing
Transfers
Send Funds
- Bank account transfers
- Cryptocurrency wallet transfers
- Beneficiary management
- Transaction tracking
Quick Setup
Get started with Devdraft payments:1
Complete KYC Verification
Verify your account to unlock all payment features and higher transaction limits
2
Set Up Wallet Integration
Connect your cryptocurrency wallets for seamless deposits and transfers
3
Add Beneficiaries
Set up trusted recipients for bank accounts and cryptocurrency wallets
4
Start Transacting
Begin depositing, converting, and transferring funds through the dashboard
Video Tutorial: Payment Management
Learn how to use Devdraft’s payment features:Supported Assets
Digital Assets:
- USDC - USD Coin stablecoin
- EURC - Euro Coin stablecoin
- ETH - Ethereum native token
- BTC - Bitcoin (via supported networks)
- Ethereum Mainnet
- Polygon
- Arbitrum
- Additional Layer 2 solutions
Payment Flow
Receiving Funds (Deposits)
Receiving Funds (Deposits)
How Deposits Work:
- Choose Deposit Method
- Bank transfer (wire/ACH)
- External cryptocurrency wallet
- QR code for mobile wallets
- Get Payment Instructions
- Bank account details for fiat deposits
- Wallet addresses for crypto deposits
- QR codes for easy mobile transfers
- Initiate Transfer
- Send funds from your bank or wallet
- Include required reference information
- Monitor transaction status
- Receive Confirmation
- Funds appear in your Devdraft balance
- Transaction recorded in payment history
- Email and dashboard notifications
Converting Currencies
Converting Currencies
Exchange Process:
- Select Currencies
- Choose source and destination assets
- View available balances
- Check conversion rates
- Enter Amount
- Specify conversion amount
- Review exchange rate and fees
- See estimated received amount
- Execute Conversion
- Confirm transaction details
- Process conversion instantly
- Update account balances
- Track Results
- View conversion in transaction history
- Monitor rate performance
- Export for accounting
Sending Transfers
Sending Transfers
Transfer Process:
- Choose Recipient
- Select from saved beneficiaries
- Add new bank account or wallet
- Verify recipient details
- Set Transfer Details
- Enter transfer amount
- Select source currency
- Choose transfer speed
- Review and Send
- Confirm all transaction details
- Submit transfer request
- Receive transaction ID
- Monitor Progress
- Track transfer status
- Receive completion notifications
- Maintain transfer records
Transaction Management
Real-Time Tracking
Monitor Your Transactions:
- Live status updates
- Transaction history filtering
- Search by amount, date, or recipient
- Export capabilities for accounting
Analytics Dashboard
Financial Insights:
- Transaction volume trends
- Currency distribution analysis
- Fee optimization recommendations
- Performance metrics
Security Features
Transaction Security
Transaction Security
Protection Measures:
- Multi-signature Security - Enhanced wallet protection
- Real-time Monitoring - Fraud detection systems
- Encrypted Communications - Secure data transmission
- Audit Trails - Complete transaction logging
- Access Controls - Role-based permissions
Compliance Standards
Compliance Standards
Regulatory Adherence:
- KYC/AML Compliance - Identity verification requirements
- Transaction Reporting - Regulatory compliance reporting
- Data Protection - GDPR and privacy compliance
- Licensing - Operating under proper financial licenses
- Regular Audits - Third-party security assessments
Best Practices
1
Organize Your Beneficiaries
Efficient Management:
- Set up frequently used recipients
- Verify all account details carefully
- Use descriptive names for easy identification
- Regular review and updates
2
Monitor Exchange Rates
Optimize Conversions:
- Track rate trends over time
- Time conversions for better rates
- Consider market volatility
- Set up rate alerts for large conversions
3
Maintain Transaction Records
Record Keeping:
- Export transaction data regularly
- Maintain records for tax purposes
- Use reference fields for internal tracking
- Archive historical data properly
4
Review Security Settings
Account Protection:
- Enable two-factor authentication
- Review access permissions regularly
- Monitor for unusual activity
- Keep contact information updated
Integration Options
API Access
Developer Integration
- RESTful API endpoints
- Webhook notifications
- Real-time status updates
- Comprehensive documentation
Automated Workflows
Business Automation
- Scheduled transfers
- Automatic conversions
- Threshold-based triggers
- Custom business rules
Reporting Tools
Financial Management
- CSV export functionality
- Real-time dashboards
- Custom report generation
- Accounting system integration
All payment features require completed KYC verification. Some features may have different limits based on your verification level and transaction history.