# Introduction

## **Overview**

AlfaBit Pay is an advanced payment gateway enabling businesses to accept cryptocurrency payments. It's tailored for e-commerce platforms, forex platforms, gaming platforms, gambling providers, chatbot services, and various other business sectors.

## **Key Features**

* Simple and fast integration via standardized API methods.
* Global payments acceptance from any location worldwide.
* Volatility protection through AlfaBit's hedging system.
* Competitive pricing and favorable conditions.
* 24/7 technical support ensuring uninterrupted business operations.
* Role-based access control system for efficient internal management.
* Client-oriented approach with flexibility to develop new features upon request.
* Referral program offering rewards for attracting new clients.​

## Glossary

**API**\
A set of methods provided by an application or system, allowing other software products to interact with it.

**API Key**\
A unique identifier used to authenticate requests associated with your account.

**JSON**\
A text-based data interchange format based on JavaScript (RFC 7159).

**Callback URL**\
A URL provided by the merchant to receive payment status updates.

**Webhook**\
A mechanism for notifying one web application about real-time events from another via HTTP.

**Merchant**\
A user’s project within the AlfaBit Pay service intended to receive payments.

**Merchant UID**\
A unique identifier for a merchant used to filter and track orders.

**Invoice**\
A one-time payment that generates a unique, disposable wallet. Use case: e-commerce purchases.

**Order**\
Any request in the system, regardless of type (invoice, billing, withdrawal, exchange).

**Order Status**\
Represents the current state of an order (e.g., `created`, `success`, `failed`, `inProgress`).

**Asset**\
A digital asset (e.g., USDT, BTC, ETH).

**Currency**\
A specific cryptocurrency within a specific network (e.g., USDT BEP20, USDT ERC20, BTC SegWit).

**Auto-conversion**\
Automatic conversion of one asset or currency into another at the current exchange rate.

**Billing Account**\
A static wallet in any enabled currency. Unlike an invoice, it is generated once and remains unchanged. Use case: donation widgets or buttons. A merchant can assign a unique billing account to each client.

**Billing Tag**\
A custom label assigned to a payment for easier identification and tracking.