General Definitions

📘

Public Key

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

📘

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.

📘

Customers

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

📘

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.

📘

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.

📘

Accounts

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

📘

Institutions

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

📘

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.

📘

Collections

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

📘

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.

📘

Cash pickup

USD Cash Pickup enables Maplerad merchants to send USD to Nigeria seamlessly while the recipient picks up cash at specified partner banks without having a bank account or a domiciliary account.

Our powerful APIs enables businesses transfer money in USD via cash pickup and the recipient goes to the bank and picks up the USD in cash.

📘

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.