Skip to main content

Glossary

A • B • C • D • E • F • G • H • I • J • K • L • M • N • O • P • Q • R • S • T • U • V • W • X • Y • Z

A​

Account​

Address​

Also, blockchain address or crypto address. A unique identifier on a specific blockchain network where digital assets can be sent or received.

B​

Beneficiary​

The entity that receives the transaction.

C​

Crypto​

A cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized and operates independently of a central bank.

Crypto gateway​

Channel​

A dedicated permanent and unique address that can receive crypto funds at any time. Opposed to a temporary address that can be used for a single transaction.

Customer​

Customer fee​

D​

Digital asset​

A cryptocurrency asset or a stablecoin.

Direct model​

A delivery model where BVNK has a direct relationship with the customer.

E​

Embedded model​

A delivery model where BVNK embeds its services into a customer's platform.

Partner​

Formerly, Embedded Partner or EP.

Business that embeds BVNK's services into their platform.

Customer​

Formerly, Embedded Partner Customer or EPC.

An Individual or business that uses BVNK's services via an partner.

Endpoint​

Also, API endpoint. A URL that allows you to send requests to BVNK's servers.

F​

G​

H​

Hosted payments page​

Or Hosted page. A hosted checkout experience embedded in client interface.

I​

J​

K​

L​

M​

Merchant​

Customer that uses BVNK's services directly. Same as Account.

Metadata​

Additional information about a transaction included in a request or response.

{
    "metadata": {
        "orderId": "PO-2025-001",
        "internalUserId": "user-456",
        "reason": "Customer withdrawal"
    }
}

N​

Network​

O​

Onboarding​

The process of setting up a customer to use BVNK's services. The onboarding process typically involves a collaborative review by BVNK's Compliance and Onboarding teams to ensure full adherence to Know Your Business (KYB) standards.

On-ramp​

A service that allows you to buy crypto with fiat currency.

Originator​

The entity that initiates the transaction. For example, a customer that wants to buy crypto with fiat currency.

P​

Pay-in​

A pay-in is a request to move fiat funds from a customer to a wallet.

Payout​

A payout is a request to move crypto funds from a wallet to a beneficiary.

A link created and shared via BVNK API to collect crypto pay‑ins and process payouts.

Peg​

Also, pegged.

Processing fee​

A fee charged by BVNK for processing the transaction.

Q​

R​

Refund​

A refund is a request to reverse a payment. It is initiated by the originator and is processed by the beneficiary.

Reference​

A unique identifier for a transaction. BVNK may use the following fields to reference a transaction:

  • paymentReference: Actual description of the payment. The reference text is propagated along with the transfer so beneficiary could see it.
  • customerReference: Unique identifier of the customer. If underlying customer is provided, this field would contain customerId called customerReference on the BVNK side.
  • transactionReference: Unique transaction ID generated by BVNK.

S​

Stablecoin​

A cryptocurrency that is pegged to a fiat currency or a commodity. For example, USDC, USDT, etc.

T​

Transfer​

Also, internal transfer. A transfer between two wallets within the same account.

U​

V​

Virtual Account​

Verification of Payee (VoP)​

VoP is a SEPA (Single Euro Payments Area) service that verifies a beneficiary's name against their IBAN to prevent fraud and errors.

W​

Wallet​

Wallet profile​

Webhook​

A URL that allows you to receive notifications from BVNK. See Create webhook listener for more information.

X​

Y​

Z​

Last updated on