Virtual Account API
A Virtual Account API enables businesses to assign unique bank account numbers to customers or transactions, allowing seamless payment collection and automated reconciliation.
Key Features:
- Dynamic Virtual Account Creation: Generate a virtual account in real time for each user, invoice, or transaction.
- Customer Mapping: Link virtual accounts to specific users, transactions, or orders for easy tracking.
- Real-Time Payment Detection: Receive instant payment updates when funds are deposited into a virtual account.
- Webhook Notifications: Get server-to-server alerts for payment events, reducing manual tracking.
- Account Expiry and Limits: Configure expiration dates, single-use settings, or transaction limits for better control.
- Automated Reconciliation: Each payment is uniquely identifiable, enabling auto-matching with the correct customer or invoice.
- Multi-bank Support: Supports virtual accounts issued from various partner banks, offering operational flexibility.
- Search & Filter Transactions: Easily search payments by date, virtual account ID, customer ID, or amount.
- Security & Compliance: End-to-end encryption, token-based access, and compliance with financial regulations such as RBI, PCI DSS, etc.
- Scalability: Handle thousands of virtual accounts daily with high reliability.
Security Highlights:
- API key or OAuth 2.0 authentication
- HTTPS-only communication
- Role-based access controls
- Webhook verification signatures
- Account validation before credit