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Creating online payment streams for your e-commerce website is often difficult and highly technical, especially with the constant evolution of technology. However, with the help of the various types of payment APIs, you can simplify your business’ financial transactions with just a few clicks!

In this blog, we go into the specifics of payment APIs. Understanding each of its different types can help you successfully decide which one matches your operational needs, ensuring that your payments run smoothly.

But First, What are API-Based Payments?

Application Programming Interface or “API” is a set of protocols or tools that act as a secure bridge between payment processing systems and financial institutions. To give you a breakdown of what a payment API is and how it works, here’s an overview:

  1. 1

    Your customer places an order on your website.

  2. 2

    During checkout, they input their payment information.

  3. 3

    Your website doesn’t directly handle the customer’s sensitive payment information. Instead, it’s communicated with your integrated payment API system.

  4. 4

    The payment API securely transmits your customer’s payment data (credit card details or e-wallet logins) to the payment processor (Visa, Mastercard, or PayPal).

  5. 5

    The processor then verifies the customer’s information, checks for sufficient funds, and authorizes the transaction.

  6. 6

    Once they have verified the data, the processor sends a confirmation back to the payment API.

  7. 7

    The payment API relays this confirmation to your e-commerce website.

  8. 8

    The customer finally receives the confirmation of their payment and a message stating that their order has been placed.

Using payment APIs ensures that any financial data inputted on your e-commerce website is encrypted. This means that any attempt made to intercept your financial information is deterred, securing the sensitive data shared.

Various Types of Payment APIs

While payment APIs offer a unified approach to online transactions, there are still some differences in each system. The different types of payment APIs you can encounter in the market are:

Direct Payment APIs

Direct Payment APIs

These APIs provide the most basic functionality, allowing your business to accept direct payments from customers using credit cards, debit cards, or digital wallets. This API can handle secure payment information transmission to your customer’s chosen processor and quickly relay the approval or decline status back to your website. 

A great example of this API is Brankas Direct, which highlights secure payments done in real-time. Using this product can guarantee safe and instant payment solutions for your website, eliminating the use of manual processing.

Payment Gateway APIs

Payment Gateway APIs

Using payment gateway APIs offers your business a more comprehensive solution. This form of API acts as an intermediary between your website and multiple payment processors, providing a single point of integration. So, if you want your website to support a wider range of payment methods without needing to integrate each processor individually, this API solution can simplify your process.

Brankas’ Merchant Link can be considered as a payment gateway API. This particular product can easily set up various payment methods like QRIS payments, Buy Now Pay Later (BNPL), and cash payments. Whether it’s through Visa, Mastercard, or other financial institutions, you can connect it through Merchant Link.

Payout APIs

Payout APIs

These APIs are best used if you need to disburse funds to multiple recipients like vendors, freelancers, or other affiliates. They can facilitate secure and efficient bulk payments, often with a global reach, and support various currencies.

Brankas Disburse is an example of a payout API. You can use this product to send money to anyone, anywhere, and in groups. You can even automate sending funds from your corporate bank account and schedule disbursements ahead of time. Whether it’s for e-commerce payments, employee payroll, insurance payout, and more, you can easily use Brankas’ Disburse API.

Alternative Payment APIs

Alternative Payment APIs

This category encompasses APIs that support alternative payment methods beyond traditional credit cards and e-wallets. This can include the integrations of Buy Now Pay Later services, cryptocurrency, or loyalty points redemptions. These APIs cater to the specific preferences of your customers and can be valuable if your business is looking to expand or cater to a more tech-savvy audience. 

Ultimately, choosing which type of API payment to adopt for your e-commerce website is based on your company’s unique needs. It’s important to first note your goals and operational requirements before finalizing a decision on which of these payment APIs to use in your business.


Investing in Brankas as Your Payment API Partner

Here at Brankas, we understand the complexities of online payment solutions, which is why we offer Payment API products for your business needs. Through our expertise in providing modern FinTech, we can simplify your organization’s payment processing by providing a single integration point for a vast network of payment methods. With our assistance, you can focus on what matters most––running your business and providing exceptional customer experiences.