Product Overview
Helping you understand the Embedded Balances Product
MoonPays embedded balance product enables partners to to offer their users dedicated USD, EUR or GBP Fiat Balances. These balances are unique to each partner and cannot be spent or seen on MoonPays 900+ other partners. End-Users can top up and withdraw their Fiat Balances securely through themed MoonPay iFrames, using Bank Transfer, ACH, Open Banking, PayPal & Venmo. End-User can spend this balance on any cryptocurrency supported by MoonPay, and can sell cryptocurrency in exchange for Fiat Balance in just a few taps. Initially, both ‘spend’ and ‘sell’ experiences will happen within a MoonPay iFrame, but in a future iteration of the product these experiences will be API driven.
User Journeys
- End-Users can top up their Fiat Balance through a themed MoonPay iFrame. This iFrame handles authentication (with MoonPay), KYC, Terms of Use alongside the end to end payment top up experience for users.
- End-Users can withdraw their Fiat Balance through a themed MoonPay iFrame. This iFrame handles authentication (with MoonPay, KYC and the end-to-end payment withdrawal experience for end-users.
- Within your wallet or application, users can natively view their MoonPay Balance and MoonPay Balance transaction history. This step does not require MoonPay authentication.
- Spending Fiat Balance will happen within the MoonPay On Ramp iFrame, and end-users will see a distinct Balance unique to your wallet or application.
- Selling Cryptocurrency for Fiat Balance will happen within the MoonPay Off Ramp iFrame, and end-users will see a distinct Fiat Balance unique to your wallet or application.
Updated about 2 months ago