Automate Your Payments: Integrating Verto FX's API into Your Business

Introducing Verto FX's API

Verto FX offers a robust API that allows businesses to integrate its cross-border payment and foreign exchange services directly into their platforms. This integration enables seamless automation of transactions, real-time access to FX rates, the ability to hold and manage funds in various currencies as well as being secure and compliant for ultimate peace of mind. 

A logistics firm reduces payment processing time by 60%

A UK-based logistics firm manages a network of international suppliers and processes numerous transactions daily. Their manual payment processes were time-consuming and error-prone. The exchange rate volatility also affected cost predictability.

By integrating the Verto FX API, they automated payments directly from their internal systems - accessing real-time FX rates to make informed decisions on currency conversions. Verto’s multi-currency wallets allowed them to hold funds in various currencies.

They were able to reduce the processing time by 60% while also saving money on exchange rates. Their improved relationship with their suppliers was an added bonus. 

Read more customer stories

How to Integrate Verto’s API

Before starting, ensure you have the following:

• A Verto FX Business Account: an active account with Verto FX.

• Technical Expertise: Access to a developer or IT team familiar with API integrations.

• System Compatibility: Your business systems should support RESTful APIs.

Step 1: Register for a Verto FX Account

Visit Verto FX's website to sign up for a business account. Complete the necessary verification processes, including Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Step 2: Access API Documentation

Once your account is active, navigate to the API section to access comprehensive documentation, which includes:

• API Endpoints: Detailed information on available endpoints.

• Authentication Methods: Instructions on securing your API requests.

• Sample Code: Examples in various programming languages.

• Error Handling: Guidance on managing and interpreting errors.

Step 3: Obtain API Credentials

Generate your unique API credentials:

• API Key: A unique identifier for your account.

• Secret Key: Used for secure authentication.

Security Note: Keep your API credentials confidential and store them securely. Never expose them in client-side code or unsecured environments.

Step 4: Set Up Your Development Environment

Prepare your technical environment:

• Choose a Programming Language: Select one that aligns with your existing systems (e.g., Python, JavaScript, Java).

• Install Necessary Libraries: Use HTTP clients or SDKs compatible with Verto FX's API.

• Testing Tools: Tools like Postman can help test API calls before implementation.

Step 5: Authenticate API Requests

Implement authentication protocols as specified in the documentation:

• Bearer Tokens: Include your API key in the header of your requests.

• HMAC Signatures: Generate signatures using your secret key for added security.

Step 6: Begin with Sandbox Testing

Utilise Verto FX's sandbox environment to test your integration without affecting real funds:

• Sandbox Credentials: Use the provided sandbox API keys.

• Test Scenarios: Simulate various transactions to ensure functionality.

• Debugging: Identify and fix issues in a risk-free setting.

Step 7: Integrate Core Functionalities

Start integrating essential API functionalities into your systems:

a. Automate Payments

• Endpoint: /payments

• Functionality: Create, authorise, and execute payments programmatically.

• Parameters: Include details like amount, currency, beneficiary information, and payment reference.

b. Access Real-Time FX Rates

• Endpoint: /rates

• Functionality: Retrieve current exchange rates for supported currency pairs.

• Use Case: Display rates on your platform or use them for currency conversions.

c. Manage Multi-Currency Wallets

• Endpoint: /wallets

• Functionality: Check balances, transfer funds between wallets, and manage currency holdings.

• Benefits: Optimise currency positions and reduce exchange costs.

d. Track Transactions

• Endpoint: /transactions

• Functionality: Retrieve transaction histories and monitor payment statuses.

• Use Case: Provide transparency and real-time updates to your finance team or clients.

Step 8: Implement Error Handling and Logging

Ensure your integration can gracefully handle errors:

• Error Codes and Messages: Use the API's standardized error responses to troubleshoot.

• Retry Logic: Implement mechanisms to retry failed requests where appropriate.

• Logging: Keep detailed logs for auditing and compliance purposes.

Step 9: Secure Your Integration

• Encryption: Use HTTPS for all API communications.

• Secure Storage: Protect API keys using environment variables or secure credential stores.

• Compliance: Ensure your integration meets GDPR and other relevant regulations.

Step 10: Move to Production

After thorough testing:

• Update Credentials: Replace sandbox keys with production API keys.

• Monitor Performance: Keep an eye on system performance and transaction success rates.

• Support: Leverage Verto FX's technical support for any issues during the transition.

Ready to revolutionise your payment processes?

Speak to our sales team and start your integration journey today.