Understanding Quotes in meCash
The meCash Quote API provides live, real-time currency exchange rates. It allows users to see the exact amount their recipient will receive before completing the transaction. You can see the API working live on the meCash website.
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How It Works: The Quote Lifecycle
When a user initiates a currency conversion, your application calls the meCash Quote API to retrieve a guaranteed rate.
The API responds with a unique quoteID along with the exchange rate, fees, and the exact amount the recipient will receive.
This quoteID must be included when executing the final payout to ensure the same rate and fee are applied.
This diagram illustrates the API interaction:
The diagram above gives you the high-level flow. Let’s walk through each stage in detail:
User Sends request
Users fill in the source currency, target currency, and amount on the meCash platform.
Quote API returns response.
The Quote API retrieves live exchange rates and applicable fee data.
Breakdown of the Response
- Exchange rate
- Transaction fee
- Final amount (in target currency)
Important: This quoteId must be included in the Payout API request to ensure the payout uses the same guaranteed rate and fees.
If the quote has expired or is invalid, the payout request will fail.
Supported Countries and Payment Channels for Quotes.
The meCash Quote API supports generating real-time quotes for the following payout routes.
| Destination Country | Country Code | Destination Currency | Payment Channel(s) |
|---|---|---|---|
| Austria 🇦🇹 | AT | EUR | Bank Transfer |
| Canada 🇨🇦 | CA | CAD | Bank Transfer |
| China 🇨🇳 | CN | CNY | WeChat / AliPay / Bank Transfer |
| Denmark 🇩🇰 | DK | DKK | Bank Transfer |
| Germany 🇩🇪 | DE | EUR | Bank Transfer |
| Ivory Coast 🇨🇮 | CI | XOF | Mobile Money |
| Malawi 🇲🇼 | MW | MWK | Bank Transfer |
| Nigeria 🇳🇬 | NG | NGN | Bank Transfer |
| Rwanda 🇷🇼 | RW | RWF | Bank Transfer |
| Senegal 🇸🇳 | SN | XOF | Bank Transfer |
| South Africa 🇿🇦 | ZA | ZAR | Bank Transfer |
| United Kingdom 🇬🇧 | GB | GBP | Bank Transfer |
| United States 🇺🇸 | US | USD | Bank Transfer |
Why Quotes Matter
- It shows transparency – Users get to see the exact exchange rate and fees upfront.
- It helps users make informed decisions before completing a conversion.
- It applies business rules to ensure compliance with meCash policies.