Glossary

This glossary defines common terms commonly used in our documentation. Understanding the meaning of them will help you make sense of the information provided.

Common across stacks
Bank Linking Stack
Crypto Stack
Payments Stack

Common across stacks

Account

The entity building the integration into Meld.

Account number

An account number is a set of digits used to identify a specific bank account, such as a checking account or money market account. Banks assign account numbers to each account your customer own.

Customer

An individual who consumes the services of the account (e.g., John Smith, Hugo Junior)

Dashboard

A unified dashboard where a customer can access comprehensive analytics and configure their integrations according to their needs.

Routing number

A bank routing number is a nine-digit number that identifies which financial institution is responsible for the payment of a financial instrument. In other words, it’s the number banks use to identify themselves.

Service providers

Refers to third-party integrations which, depending on the stack you use, may be a crypto on-ramp, payment methods/processors, or bank-linking services.

User

The individual who is the member of the Account.

Bank Linking Stack

Meld Connect Widget

The widget that can be used by the accounts to embed into their customer-facing connection flows. Accounts will have the ability to define the widget to their requirements, filter by region, products, and service provider preferences instantaneously. Accounts will also be able to customize their front-end flows that meet their brand's strategy.

Meld financial institutions

Meld financial institutions are normalized mappings for every financial institution offered by a Meld supported service provider. Each institution has normalized data elements such as display names, logos, and URLs.

Crypto Stack

KYC (Know Your Customer)

Customers who onboard with a service provider for the first time are asked to verify their identity. This is to better understand a customer's financial activities and risks. The documents required to verify a customer's identity is different for every service provider.

Meld Checkout Widget

The widget where the customer is redirected to complete the crypto purchase with Meld.

Meld Crypto Wizard

The Crypto Wizard is a standalone widget you can embed in your website or app and is ready to use right away - without compromising on the full functionality of the Meld Crypto Stack.

Meld Symbol

Unlike fiat currencies, crypto assets do not have a standardized ISO codes. The Meld symbols are normalized mappings for crypto tokens offered by Meld supported service providers. Each Meld symbol is associated with an appropriate human readable display name.

Off-ramps

A off-ramp allows a customer to sell their crypto assets for a fiat currency. Some of our crypto service providers are strictly on-ramps (e.g. Xanpool) and in some cases are both off-ramps and on-ramps (e.g. Transak, Coinbase, Robinhood).

On-ramps

A on-ramp, also known as a crypto gateway, allows customers to purchase crypto assets using fiat currencies.

Purchases

This is the amount of a crypto asset a customer was able to purchase through a service provider. Based on how long it takes for a customer to complete their purchase, the crypto asset amount received by the customer may differ from the amount listed in the quote.

Quotes

A quote is the price at which a crypto asset can be bought or sold at a specific instance of time. Quotes are inherently historical in nature and are reflective of the price of a crypto asset at that moment.