You Bring the App, We Bring the Bank: A Beginner’s Guide to Safe Haven’s API.

So you’ve heard people throw around the word “API” like it’s some fancy tech hard thing. Spoiler alert: it actually is. But instead of turning frogs into princes, it turns your app into a full-blown banking genius.

Let’s demystify that fintech abracadabra with Safe Haven’s API, your plug for turning any app into a financial powerhouse.

According to Igor Tomych, your favourite fintech expert: “Bank API is an integral part of modern fintech solutions serving as the bridge between third-party applications and core banking systems...”

Translation? It’s the middleman that connects your app to the bank’s backend so that everything runs smoothly: account creation, transfers, identity checks, payments... all of it, without stress.

Let’s break down what you can actually do with Safe Haven’s API in the most relatable way possible 

Account Creation: This is where it all begins. With Safe Haven’s API, your app can create brand new bank accounts for users, directly from your dashboard. No paperwork. No bank queues. Just on your app.

You can choose either a savings account or a current account. Whether you're building a finance app, a service platform, or a startup that just wants to offer built-in banking, your users can now have real bank accounts, backed by Safe Haven, right inside your system and after getting your main account you can  create sub-accounts and the interesting thing is they don’t expire, you can create as many as you want and it is always ready to receive funds and organize your cash flow but before you create one, you need to verify your identity (because we’re grown-ups here, and Safe Haven is anti-fraud). You can verify either: As a Corporate Entity (for companies) Or an Individual (for freelancers, small biz owners, or side hustle)

Virtual Accounts:  For That One-Time Payment Situationship

Virtual accounts are time-based accounts. Think of them as disposable plates at a party, useful, convenient, and made for the moment. Mostly used when you need a temporary account for a transaction. You’re collecting a one-time payment or you’re handling a quick checkout flow and don’t need the account forever. After their time is up, they expire. Clean and simple. No clutter in your system.

The transfer APIs: Here’s where the API starts flexing its real muscles, transferring money automatically between accounts, whether it’s safe haven to safe haven, safe haven to other banks, all of this happens securely.

Checkout (WHMCS Integration): Let’s say you’re using WHMCS (Web Host Manager Complete Solution) for your business. You can integrate Safe Haven’s Checkout API and accept payments right there, smoothly and securely. Payment processing via Safe Haven’s secure platform full integration with your WHMCS dashboard No need for a third-party gateway

Bill Payment: What’s the point of having money if you can’t even pay your bills on time? With Safe Haven’s VAS API, your users can:

• Pay for electricity (PHCN who?)
• Buy airtime and data (because we stay online)
• Renew their cable TV (because no one misses Big Brother)

And all of this happens inside your app. Pure convenience!

Identity & Credit Checks: Know Who’s Who. With Safe Haven’s verification endpoints, you can confirm if your user is who they say they are. No catfishing allowed…so, you will need to verify using:

• NIN & vNIN (National Identity Number & virtual)
• BVN & vBVN (Bank Verification Number & virtual)
• CAC (For verifying registered companies)
• Credit Check (To see if they’re good for that loan or not )

Each process listed above, requires explicit user consent, which we treat as confidential..

And lastly, beneficiaries:  Repeat transfers without typing the same account number, with the Beneficiary feature, your app can save frequently used transfer details and fetch the list of saved beneficiaries. You can as well update or delete old ones if you break up (haha) your users don’t have to enter the same info again and again. It’s the kind of digital convenience we all deserve.

And now If you're a developer, business owner, or curious techie who wants to build finance into your product , Safe Haven’s API is your first choice. It’s powerful, secure, user-friendly, and built with you in mind. Safe Haven’s API isn’t just some complicated tech thing. It’s your golden ticket to embedding financial features directly into your app,  from account creation to payments, identity checks, and more. So go ahead, make your app smart, secure, and  enough to stand out.