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Key Concepts

Understanding these core concepts will help you make the most of the Bila platform.

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Payments

Payments

Payments represent money transfers from customers to your business.

  • One-time payments for single purchases
  • Recurring payments for subscriptions
  • Payment links for sharing with customers
  • Checkout pages for embedded payment experiences

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Wallets

Wallets

Digital wallets store your funds and facilitate transactions.

  • Multi-currency support
  • Instant transfers between wallets
  • Real-time balance updates
  • Transaction history and reporting

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Settlements

Settlements

The process of transferring funds from Bila to your external accounts.

  • Instant blockchain settlements
  • Bank account withdrawals
  • Mobile money transfers
  • Cryptocurrency withdrawals

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Webhooks

Webhooks

Real-time notifications about events on your Bila account.

  • Payment confirmations
  • Failed transactions
  • Wallet balance updates
  • Settlement completions

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Business Types

Sandbox Business

  • Test environment for development and integration
  • Simulated transactions with test data
  • No real money involved
  • Immediate access without KYB verification
  • Perfect for testing your integration before going live

Production Business

  • Live environment for real transactions
  • Requires complete KYB verification
  • Real money processing and settlement
  • Full access to all features and payment methods
  • 24/7 support for production issues

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API Keys

API Keys

Secure credentials that authenticate your requests to the Bila API.

  • Public Key: Used for client-side operations (can be exposed in your frontend code)
  • Secret Key: Used for server-side operations (must be kept secure)
  • Test Keys: Used in the sandbox environment
  • Live Keys: Used in the production environment

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Blockchain Settlement

Blockchain Settlement

The underlying technology that enables instant, secure settlements on the Bila platform.

  • Transactions are settled on various blockchain networks
  • Stablecoins are used to maintain price stability
  • Multi-network support for maximum flexibility
  • Non-custodial infrastructure gives you full control of your assets

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Next Steps

Now that you understand the key concepts, explore these resources to learn more:

Quickstart

Get started with Bila in minutes.

API Reference

Explore our API endpoints and integration options.

Console Guide

Learn how to use the Bila Console effectively.

Rate Limits

Understand API rate limits and best practices.