API integration & Payments
Streamline your payment processes on your website or app
Find out how API can connect your business by watching our short video
APIs have been increasing in popularity exponentially over recent years and are seen by industry experts as the next revolutionary innovation to disrupt the financial services and fintech landscapes. Our all-encompassing API platform has been developed with the vision of streamlining the payments process for our clients - leaving you with more time to invest into your business.
What is an API?
API stands for Application Programming Interface and operates as a digital intermediary which facilitates communications between two applications.
The average person uses 10 individual APIs per day through various applications such as Google Maps and social media apps. These apps wouldn't be able to function without the API as this allows your phone to talk to the app and exchange information which is then displayed on your phone screen.
How are APIs used in the finance industry?
APIs are considered to have the capacity to completely reshape the future of the financial services industry by enabling partnerships between banks, fintech firms and other financial services providers, such as accountants or consultants. This is hoped to usher in a new age of 'open banking' via an ecosystem of interconnected APIs.
The possibilities of APIs are truly limitless as they can be used to amalgamate the capabilities of any existing applications such as digital wallets, blockchain or data analytics. The API pulls information from these different channels depending on its purpose and displays everything in one holistic user-friendly interface.
APIs are versatile in nature and can therefore be used for a wide array of tasks. We have specifically engineered our API to streamline bulk payments and global payments for our valued clients. Find out more about our API below.
What is a RESTful API?
RESTful APIs refer to any API built using REST tech - 'Representational State Transfer' technology - which is generally preferred to its more robust counterpart SOAP tech - 'Simple Object Access Protocol' technology. RESTful APIs leverage less bandwidth which makes it the more suitable option for internet usage.
REST is a software architectural style which provides interoperability between computer systems on the Internet. They use HTTP requests to 'GET', 'PUT', 'POST' and 'DELETE' data which the REST server reads and then sends a response back to you, the client.
Here are just a few of the innovative and exciting features available with our interface...
Efficiency with ease
Our API operates in line with your system through efficient machine communications, without human intermediaries, reducing the risk of human error.
Our secure and reliable platform allows for access into the Moneycorp back-end services and removes any delay between your request and the response.
Our API can cater for an array of requirements, while we offer a payment solution to suit all business models and automate your time-consuming tasks.
Dedicated client support
Our exceptional client support system is here to assist you and ensure you are getting the most out of your API.
Are there any requirements in order to open a Moneycorp API account?
Yes, due to the nature of our platform we have a few conditions that must be met in order to join our API network:
- You must have an active moneycorp account.
- You must be transferring at least 100 payments/month or £1,000,000 in foreign exchange/month.
When will my payments be delivered?
Payment delivery times differ depending on the currency requested and the time at which the payment was sent. Our payments are usually delivered within the day for common currencies but exotic currencies can take up to 1-2 days to be delivered. See our full list of currencies here.
Cutting-edge payment solutions
Click below to download our 'Payment Solutions' brochure for more information on our API or sign up and get hands-on with our platform directly.
Read below to see a step-by-step guide to our API and discover how some of our established users have benefited from our platform
InvoiceFair is a leading Irish fintech providing real choice and alternatives for ambitious SMEs seeking funding. It enables SME's to release working capital within 24 hours. InvoiceFair has funded receivables worth over €350 million on their platform since 2015. They are revolutionising investment-sourcing in a unique way that promotes growth for SMEs by acting as a growth vehicle and supporting them on their journey toward financial freedom.
"Moneycorp has been helping us scale up our operations for a number of years, so integrating with their API was the natural next step. Working with Moneycorp's development team from the outset has been a great opportunity for us to provide practical feedback on what businesses want from the platform. As well as ensuring our customers receive funds quickly and more efficiently, the platform will be instrumental in helping us to continue scaling the business."
Helen Cahill, CEO of InvoiceFair