Alternative Payments, a B2B payments and checkout infrastructure provider, has introduced an API designed to enhance the growth of Managed Service Providers (MSPs) by offering more control over their billing operations and payment processes.
Key Features of the New API
The new Alternative Payments API is a developer-friendly REST interface that provides MSPs with comprehensive control over various aspects of their business, including billing operations. This API enables users to:
- Create and manage self-service API keys directly from the Alternative Payments dashboard.
- Generate hosted payment links for existing invoices through a hosted checkout platform.
- Check payment statuses in real-time to update workflows and communicate with customers effectively.
- Ensure secure authentication using OAuth 2.0 token-based access, with proper rate limiting and encrypted API keys.
- Manage customer records, creating, updating, or archiving them as needed.
- Issue invoices complete with line items, taxes, and discounts, providing PDF links for record-keeping purposes.
- Search and filter transaction histories by various criteria such as customer, invoice, status, or date to drive reporting and automation.
- Reconcile payouts using detailed transaction data. Query the transactions included in each bank deposit and update accounting platforms through automated reconciliation logic programmatically.
The launch of this API aligns with the increasing trend towards automation and digitization across various industries, providing MSPs with more connectivity and options to serve their customers effectively.
In April 2025, Alternative Payments secured USD 22 million in funding to transform B2B payments, accelerating its mission to modernize payment workflows in underserved sectors like IT service providers, managed services providers, and blue-collar industries.
