ApproveThis manages your BP Pay Integration approvals.

Why Payment Processing Needs Better Approval Systems

Modern finance teams face a critical challenge: processing payments quickly without compromising oversight. Traditional manual approval processes create bottlenecks that delay transactions, while loose controls risk compliance issues. This tension between speed and security becomes especially pronounced when dealing with blockchain payments through platforms like BP Pay, where transactions settle in minutes but often require multiple stakeholders to review amounts, recipients, and compliance details.

ApproveThis solves this dilemma by adding structured approval workflows to BP Pay's instant payment processing through Zapier integration. When a USDC payment hits your Stellar wallet via BP Pay, ApproveThis automatically routes it to the right approvers based on amount thresholds, department budgets, or regulatory requirements. Finance teams maintain control without slowing down settlements, while approvers can review transactions directly from email without needing BP Pay logins.

Core Capabilities: What Each Platform Brings

BP Pay's Payment Infrastructure

BP Pay specializes in blockchain-based transactions using Stellar and Circle's USDC stablecoin. Key advantages include:

• Global payments settled in 3-5 seconds
• Transaction fees under $0.01
• 24/7 real-time payment monitoring

However, BP Pay focuses purely on payment execution - it doesn't handle the human decision-making required before releasing funds.

ApproveThis' Approval Orchestration

ApproveThis adds missing governance layers to automated systems through:

• Multi-step approval chains with conditional logic
• Automatic delegation during vacations
• Real-time audit trails for compliance

Together, they create a closed-loop system where payments trigger immediate reviews, and approvals automatically release funds.

Real-World Use Cases Across Industries

1. Crypto Exchanges: Compliance Checks Before Settlement

Digital asset exchanges using BP Pay for user withdrawals can configure ApproveThis to:

- Flag transactions over $10k for AML review
- Require dual approval for new withdrawal addresses
- Auto-approve recurring small withdrawals from verified accounts

Example: A Gibraltar-based exchange reduced withdrawal processing time from 8 hours to 12 minutes while meeting FATF Travel Rule requirements.

2. Import/Export: Multi-Currency Payment Approvals

Trading companies making supplier payments in USDC via BP Pay use ApproveThis to:

- Route invoices to department heads based on cost centers
- Convert local currency thresholds to USD equivalents automatically
- Escalate overdue approvals to backup approvers

A textile importer eliminated late payment penalties by cutting approval cycles from 5 days to 6 hours average.

3. DAOs: Transparent Treasury Management

Decentralized Autonomous Organizations using BP Pay for treasury transactions implement ApproveThis to:

- Require member votes for budget allocations
- Automate payment releases upon reaching quorum
- Publicly log approval rationales on blockchain

One NFT collective reduced governance proposal time 78% using automated approval quorums.

Technical Integration: How It Works

The Zapier integration between BP Pay and ApproveThis uses two triggers and one action:

Trigger 1: New payment received in BP Pay (via Stellar blockchain)
Trigger 2: Approval decision made in ApproveThis
Action: Create approval request in ApproveThis

Setup Guide (15 Minutes)

1. In Zapier, create new Zap
2. Choose BP Pay "Payment Received" trigger
3. Filter transactions needing approval (amount, counterparty, etc.)
4. Add ApproveThis "Create Request" action
5. Map payment details to approval request fields
6. Optional: Add ApproveThis approval → BP Pay release action
7. Test with $1 test payment

Approvers receive emails with payment details and one-click approve/deny buttons. No BP Pay login required.

Team-Specific Benefits

Finance Teams

- Reduce payment approval cycles from days to hours
- Automatically enforce SOX controls
- Generate instant audit reports

Operations Teams

- Eliminate payment status update requests
- Delegate approvals during holidays via vacation rules
- Integrate with existing ERPs through Zapier

Compliance Teams

- Set automatic holds for high-risk jurisdictions
- Require extra approvals for new vendors
- Maintain immutable decision records

Advanced Configuration Options

Beyond basic payment approvals, the integration supports:

Dynamic Thresholds: Auto-adjust approval requirements based on cash flow metrics
FX Controls: Flag payments when USDC value fluctuates beyond set percentages
Counterparty Limits: Require CFO approval for first-time vendors
Compliance Gates: Integrate sanctions screening tools before creating approval requests

A European fintech uses dynamic thresholds to tighten approval rules when reserves drop below 30 days' operating costs.

Cost & Licensing Advantages

Unlike traditional payment approval systems that require per-seat licenses for all stakeholders, ApproveThis only charges for workflow designers. Features enabling cost efficiency:

- Unlimited free approvers via email
- No per-transaction fees
- Shared templates across departments

A manufacturing company saved $23k/year by replacing their legacy approval software while improving visibility.

Getting Started

Three implementation paths based on business size:

Startups: Use pre-built templates in Zapier (live in 1 hour)
Mid-Market: Custom workflows with conditional logic (2-3 day setup)
Enterprise: API-level integration with existing systems (2-week implementation)

All approaches maintain BP Pay's payment speed while adding necessary governance layers.

Next Steps

To explore integration possibilities:

1. Create free ApproveThis account
2. Connect BP Pay via Zapier
3. Test with sample payment data

For complex requirements, schedule a custom demo showing how to combine approval thresholds with BP Pay's transaction monitoring.