Use cases

This chapter describes the business functions that can be performed by having a company balance in the Verestro system and using Payout via xPay card token. We also present end user default views presented during using the application.

Know your business

The first step to starting integration is to complete the KYB process. This process is required to identify and verify business clients. Automatic registration process ensures that all the information and documents provided by the clients gone properly through AML verification. Business client registration process may take around 10-15 minutes. At this link you can find out what exactly the KYB process is and what it looks like. KYB in Verestro is performed with the help of an external verification provider - Mobiltek.

Note: AML (Anti-Money Laundering) is a set of policies, procedures, and technologies that prevents money laundering.

Customer balance management

Description of methods in Antaca service to create and manage the balance.

Note: The balance for your corporation is created during its registration in our system.
You can create end-user balances from the Administration Panel created for your corporation or use the Create balance method mentioned above.

Initialize payment link

The card top-up process begins when the payment link is initialized. As a customer, you must provide transaction metadata such as the currency in which the payout will be made and the amount you want to top up the recipient's card. After confirming the data you have entered, a link is generated that you can send to the recipient.

Top-up card by xPay card token

The recipient receives the link you sent. It is valid for a specified period of time - you can choose the link's lifetime yourself and provide us this information during the onboarding process. After opening the link, a payment template with transaction data is displayed to the recipient. Basicly, the recipient will see how much money they will receive and in what currency.

However, to receive the money, the recipient must select the card to which the funds should to be transferred. Depending on the browser the recipient uses, the template will display the option to use the Google Pay wallet (for most browsers) or the Apple Pay wallet (for the Safari browser). From the mentioned xPay wallet, the selected card will be topped up with the funds you declared step before. After making a Payout to the selected card from the xPay wallet, your company's balance is debited for this amount.

Get xPay card token

The xPay card token is returned automatically from xPay wallet after the recipient selects the proper card. Verestro is a registered Payment Service Provider in Google Pay and Apple Pay, which frees you from the need to integrate with these entities. We call one of the xPays asking for a card token of the card that recipient choosed.

Tip: After the transaction is completed, a notification will be sent to you informing you of the completion of the transaction and whether it was a success or failure.