Glossary

A

App: Bitnbox user interface for managing Merchant and User accounts. Accessible via app.bitnbox.io.

C

Checkout Page: a payment method that allows merchants to redirect customers to the webpage hosted by Bitnbox to complete the payment process instead of integrating a complex payment system into their website or application. This method is under development and coming soon.

Currency: any cryptocurrency supported by Bitnbox.

H

Host-to-Host Connection (H2H): a payment gateway that allows merchants to handle 100% of front-end interactions with their customers.

M

Merchant Dashboard: a business account on Bitnbox. Users can generate API keys in the merchant dashboard, review transaction history and balances, and make payouts.

N

Network: a blockchain network (eg. Ethereum, Bitcoin).

Network fee (gas): a fee paid to miners or validators on a blockchain network to perform an on-chain transaction. The amount depends on a specific network and its current congestion.

P

Payment: an incoming transaction.

Payout: an outgoing transaction.

Processing fee: a fee charged by Bitnbox for processing a payment.

R

Risk Score: counter-party risk assessment. Each wallet sending or receiving funds is checked by the AML service provider to comply with our AML policy.

T

Transfer: movement of funds between different networks.

Treasury: the total balances of all currencies across all networks held in the Merchant account.

U

User account: an account used to create, join and manage Merchants.