Banxa | Avalanche Builder Hub

Overview

Banxa is a global payment infrastructure provider specializing in fiat-to-crypto on-ramp and off-ramp solutions. With a presence in over 150 countries, Banxa enables businesses to offer cryptocurrency purchases through a wide variety of local payment methods. Banxa's platform supports Avalanche along with 100+ other cryptocurrencies, making it easy for users to acquire AVAX and other Avalanche-based tokens directly within applications.

Banxa's infrastructure is designed to provide a seamless, compliant, and localized payment experience, with built-in KYC/AML processes, fraud prevention, and regulatory compliance across multiple jurisdictions.

Features

Global Coverage: Available in 150+ countries with support for local payment methods and currencies in each region.
Extensive Payment Methods: Credit/debit cards, bank transfers, Apple Pay, Google Pay, and region-specific payment options like iDEAL, Bancontact, and SEPA.
Multi-Currency Support: Support for 150+ fiat currencies and 100+ cryptocurrencies including AVAX and Avalanche-based tokens.
On-Ramp and Off-Ramp: Complete buy and sell functionality allowing users to convert crypto back to fiat.
Customizable Widget: White-labeled payment widget that can be styled to match your application's branding.
Simple Integration: Easy-to-implement SDK and API solutions with comprehensive documentation.
KYC/AML Compliance: Built-in identity verification and compliance processes that meet regulatory requirements globally.
Fraud Prevention: Advanced fraud detection and prevention systems to protect both merchants and users.
Instant Settlements: Fast transaction processing and settlement times for a smooth user experience.
Multi-Platform Support: Web SDK, mobile SDKs, and API solutions for all platforms.
Partner Dashboard: Real-time analytics and reporting tools to track transactions and optimize conversion rates.
Webhooks: Real-time transaction status updates via webhook notifications.

Getting Started

To integrate Banxa into your application:

Create a Banxa Account: Register at Banxa's Partner Portal to become a partner.
Complete Onboarding: Go through Banxa's partner onboarding process to set up your account and access credentials.
Obtain API Credentials: Receive your API keys and subdomain for both sandbox and production environments.
Choose Integration Method: Banxa offers multiple integration options:
- Hosted Checkout: Redirect users to Banxa's hosted payment page
- iFrame Widget: Embed Banxa's payment widget within your application
- Direct API: Build a fully custom interface using Banxa's REST API
- SDK Integration: Use Banxa's SDK for simplified integration
Configure Payment Options: Select which payment methods and cryptocurrencies to enable for your users.
Test in Sandbox: Use Banxa's sandbox environment with test credentials to verify your integration.
Go Live: After testing, switch to production credentials and start processing real transactions.

Avalanche Support

Banxa supports AVAX and other tokens on the Avalanche C-Chain, allowing users to purchase Avalanche-based cryptocurrencies with fiat currencies from around the world. This enables developers building on Avalanche to offer localized payment experiences with dozens of payment methods tailored to each user's region.

Documentation

For comprehensive integration guides, API references, and webhook setup, visit:

Use Cases on Avalanche

Banxa can enhance various Avalanche applications:

Cryptocurrency Wallets: Enable users to purchase AVAX and Avalanche tokens directly within wallet applications using local payment methods.

DeFi Platforms: Provide a seamless global on-ramp for users to acquire tokens needed for Avalanche DeFi protocols.

NFT Marketplaces: Allow direct purchase of NFTs on Avalanche with fiat, supporting payment methods from 150+ countries.

GameFi Applications: Let players from around the world purchase in-game tokens and assets on Avalanche using their preferred local payment methods.

Exchange Platforms: Integrate Banxa as a fiat gateway for your exchange to enable crypto purchases.

Decentralized Applications: Reduce onboarding friction by providing localized payment options for users globally.

Enterprise Solutions: Offer compliant, global payment solutions for corporate applications built on Avalanche.

Pricing

Banxa operates on a transaction fee model with pricing that includes:

Transaction Fees: Typically 1% to 5% depending on payment method and region
Payment Method Fees: Variable rates based on local payment processing costs
Volume Discounts: Available for high-volume partners with significant transaction volumes
Revenue Sharing: Partnership opportunities with customized fee arrangements
No Setup Fees: No upfront costs to integrate Banxa

The exact fee structure varies by region, payment method, and partnership arrangement. For detailed pricing information and custom enterprise solutions, contact Banxa's partnership team.

Compliance and Security

Banxa maintains comprehensive compliance and security standards:

Global Licensing: Registered with regulatory authorities including AUSTRAC, FinCEN, and multiple European regulators
KYC/AML Compliance: Robust identity verification and screening processes that meet international standards
Data Protection: GDPR compliant with industry-leading data security practices
PCI DSS Certified: Payment Card Industry Data Security Standard certification for secure card processing
Fraud Detection: Advanced machine learning-based fraud prevention systems
Regular Audits: Ongoing compliance and security audits by independent third parties

Partner Benefits

Dedicated Support: Access to Banxa's partner success team for integration assistance
Marketing Resources: Co-marketing opportunities and promotional materials
API Stability: Reliable, well-documented API with high uptime SLA
Regular Updates: Continuous addition of new payment methods and supported regions
Analytics Dashboard: Detailed transaction data and conversion analytics
Custom Solutions: Tailored integration and feature development for enterprise partners

Conclusion

Banxa provides a comprehensive global payment infrastructure that enables developers to offer seamless fiat-to-crypto experiences for Avalanche applications. With support for 150+ countries, localized payment methods, and extensive cryptocurrency coverage, Banxa removes the complexity of building international payment infrastructure while ensuring regulatory compliance. Whether you're building a wallet, DeFi platform, NFT marketplace, or any other application on Avalanche, Banxa's flexible integration options and global reach make it easy to provide users around the world with access to the Avalanche ecosystem.

Is this guide helpful?