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Quotes are real-time exchange rates and settlement costs for a specific payment corridor. A quote includes the following key elements:
  • Exchange rate lock: The quote locks in an exchange rate for a specified time window, protecting both the OFI and the sender from market volatility during the payment process. When the time window expires, a new quote must be requested.
  • Two-way quotes: You may query the quote based on the source amount and the destination amount. For instance, if a customer holding USDC wants to pay a recipient in BRL and the recipient needs an accurate amount of BRL, you can query using the destination amount. If a quote is for a remittance use case, where the customer needs an accurate amount of USDC to send, you can query using the source amount.
  • Cost breakdown: The quote response includes details of all applicable fees, including fee and any additional charges at the transaction level, ensuring transparent cost estimation.
  • Competitive aggregation: By providing multiple quotes, CPN ensures that OFIs can choose the most competitive option based on price, speed, and compliance.

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Payment use case

A quote also determines the use case of the payment you create from it. The use case isn’t a field you set. CPN derives it from the senderType and recipientType you request the quote with. When you create a payment, the useCase you send must match the combination of senderType and recipientType you requested the quote with. Any other value is rejected with error code 290211. Because the quote response doesn’t include the use case, keep a record of both types alongside the quote ID.