I am building a website that’s gonna have a pay system that works with the mollie API. In particularly the website needs to send users a payment link for their ordered products. To accomplish that mollie needs to authenticate with a api key. So I need to store the api key somewhere safely.
So my idea is to use AES Symmetric Cipher encryption when the admin registers his api key (CMS). With this encryption I need only one key to decrypt and encrypt the api key. I was thinking of using the plain text password of the admin as the key, because I don’t store this value (I hash the passwords) so it’s only available when then admin types his password. So when the admin wants to send a payment to an user the website will ask his password.
So my question is: Is this is a safe way of storing the api key?
Sorry for my bad English, it's not my native language.