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One-time payments vs. reusable payments
Finrax allows you to create two types of payments, which could be used for various reasons. Depending on how your business is structured, you might want to send a one-time payment link with a predefined expiration time, or you might like to create a personalised payment link for a multi-purpose use.
You can create a one-time payment either through the Dashboard or via API. When a transaction hits the supplied blockchain address, the payment will be completed. The one-time payment defaults to 30 min expiration time. With that in mind, you might want to extend the payment link's expiration time in case you don't expect an immediate interaction.
If you want to use Finrax as a fast off-ramp solution, you can create a reusable payment link and use it as many times as you wish.
The exchange rate will be updated every 30 seconds. We will calculate the most recent exchange rate upon every transaction that occurs against the provided blockchain address. Reusable payment links are convenient for B2B settlements and recurring payments.