Overview
Introduction
Paysafe Embedded Wallet empowers merchants operating in the Gaming, Digital Assets, and eCommerce sectors. Utilizing Paysafe's bank licensing, technology, risk management, and operational resources, it enables businesses to launch their own branded wallet for seamless money transactions.
Benefits for Merchants
- Open new revenue streams by owning payment flows.
- Access a broad range of payment options without large-scale investment.
- Reduce operating costs with an all-in-one solution for collection and payouts.
- Drive end-user loyalty through integrated payment options and frictionless value-added services.
- Effortlessly manage merchant account through Paysafe's comprehensive business portal.
Benefits for Merchant Customers
- Easy fund management and control.
- 24/7 access to funds, with instant payouts and withdrawals.
- A wide choice of preferred payment methods.
- Convenient access to payment services without switching apps or services.
Integration
The Paysafe Embedded Wallet solution is designed for an easy integration into your existing systems. It can be integrated in two ways - Business and Consumer, based on the needs of the partner. These integrations are essentially different APIs.
When you build your solutions using Paysafe Embedded Wallet, you own the customer experience. So you can choose which wallet service to expose to the end users and how to style and shape the user interface exposed.
Business
The Business integration allows partners to manage their customers' wallets, including creating and managing wallets.
This integration is achieved through the Business APIs (also called B2B APIs), which are secured using OAuth Bearer Token and allows the merchant full control over all embedded wallet functionalities for all customers in the Embedded Wallet system.
When using Business APIs in addition to building the user interface for the wallet functionalities of your application, you must also develop and host the required backend infrastructure.
Development and hosting of all required backend logic for the wallet operations exposed to end users results in a higher Total Cost of Development (TCD) and Total Cost of Ownership (TCO).
In all scenarios, where partner does not need to implement advanced business logic on top of the standard wallet functionalities it is advised to leverage the Paysafe Wallet SDK, that connects to the Consumer APIs.
Consumer
The Consumer integration allows partners to provide their customers with a branded wallet experience, enabling them to manage their own wallet.
This integration is achieved through the Consumer APIs (also called B2C APIs), which are secured using OAuth Bearer Token scoped to a specific customer wallet. The customer can only see and perform wallet operations over the wallet he owns.
Consumer APIs are built to support and serve the Paysafe Wallet SDKs use cases.
It is not recommended to call the Consumer APIs directly in your application.
Consumer APIs utilize OAuth 2.0 Bearer Tokens for request authentication, necessitating the inclusion of a bearer token in all API calls.
The Paysafe Wallet SDK offers a lower TCO and TCD solution for providing wallet services to end users in partner applications.
