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Glossary

Crypto Payment Glossary

Understand the key terms and concepts in cryptocurrency payments.

ABCHISTUW

A

API Authentication

The process of verifying identity and permissions when making API requests to a payment gateway.

B

Blockchain Confirmations

The number of blocks added to the blockchain after a transaction, indicating how secure and irreversible it is.

C

Crypto Payment Gateway

A service that enables businesses to accept cryptocurrency payments, handling blockchain transactions and conversions.

H

HMAC Signature

A cryptographic signature using a shared secret to verify message authenticity and integrity.

I

Invoice / Payment Request

A request for payment that includes amount, currency, payment address, and expiration time.

S

Settlement

The process of transferring confirmed payment funds from the payment gateway to the merchant's wallet.

Stablecoin

A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like USD.

T

Transaction Hash (TX Hash)

A unique identifier for a blockchain transaction, used to track and verify payments.

U

USDT (TRC-20)

Tether USD (USDT) on the TRON blockchain using the TRC-20 token standard, known for fast and low-cost transactions.

W

Webhooks

HTTP callbacks that automatically notify your server when events occur, such as payment confirmations.

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