General Definitions

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Public Key

This is used to initialize the Maplerad Checkout widget for payments. This can be found on your dashboard's settings page

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Secret Key

To make an API call for most of our endpoints, you'll need a business secret key to be set as Authorization: Bearer {{ $seckey }} as the header. This can also be found on the settings page on your dashboard.

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Customers

Customers represent individuals or businesses that you may create financial products for.

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Counterparty

A counterparty is the other party that participates in a financial transaction, and every transaction must have a counterparty in order for the transaction to go through. More specifically, every buyer of an asset must be paired up with a seller who is willing to sell and vice versa.

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Issuing

Issuing is our powerful modern card issuing infrastructure that empowers innovators to change the world. You can instantly issue virtual and physical cards to a customer in different currencies.

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Accounts

Accounts empowers innovators to instantly generate a virtual and physical bank account number that can receive payments from other financial institutions.

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Institutions

Institutions are financial services providers like banks, other fintech apps, or telco mobile money providers.

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Webhooks

Webhooks are user-defined HTTP callbacks. They are triggered by us to notify you when important events happen on your account.

You can configure your Webhook URL on our dashboard.

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Collections

Collections are the group of APIs that enables businesses accept payments from their customers.

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FX

Our FX APIs enables businesses to convert funds from one currency to another and access liquidity in that currency pair at the best rates.

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Stablecoin

A stablecoin is a type of digital currency designed to maintain a steady value by being pegged to a stable asset, such as the US dollar. This makes it easier for businesses and customers to transact globally without the volatility of traditional cryptocurrencies.

Maplerad API enables businesses to have access to multiple currencies and chains via one integration.

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Domicilliary

A domiciliary account, popularly called a 'Dom Account', is any account type that is run in foreign currency. It could be a savings or a current account, but it is in every other currency but the countries local currency. Eg A USD account in Nigeria.

Our powerful APIs enables businesses transfer money to USD DOM accounts in Nigeria.