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Payment API

Technical · Payments, Clearing & Settlement · Networks & Protocol Infrastructure · Last reviewed: September 2026

A payment API is a software interface that allows an application to programmatically request, initiate, query, or manage payment functions.

Explanation

Stablecoin payment APIs can create payment requests, obtain deposit addresses, quote conversion amounts, check transaction status, initiate payouts, retrieve balances, and automate reconciliation. APIs allow payment functions to be embedded in merchant systems and other applications without requiring users to interact directly with the underlying blockchain or banking infrastructure.

Boundaries

An API defines how software systems exchange payment instructions and data. A payment gateway can expose an API while also providing merchant-facing checkout and routing functions.

Why it matters

APIs support automated and embedded payment services by standardizing how applications communicate with payment infrastructure.

Example

An e-commerce platform can call a payment API to create a USDC invoice and later query whether the required amount has been received.

Related terms

Sources

  1. CBDCs: An Opportunity for the Monetary System. Bank for International Settlements, BIS Annual Economic Report 2021, Chapter III, 2021. Institutional analysis
  2. Shee-Ihn Kim and Seung-Hee Kim. E-Commerce Payment Model Using Blockchain. Springer, Journal of Ambient Intelligence and Humanized Computing 13: 1673-1685, 2022. doi:10.1007/s12652-020-02519-5 Peer-reviewed research
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