Virtual Accounts
Virtual Accounts empower businesses by assigning unique bank account numbers to individual customers. This approach enhances the efficiency of fund collection, simplifies payment tracking, and enables seamless automatic reconciliation.
Key Features:
- Create Virtual Account
Generate dedicated virtual bank accounts for individual customers with just a few clicks. Each account provides a unique identifier that enables precise tracking and attribution of incoming payments to specific customers. - Retrieve Virtual Account Details
Access detailed information about any specific reserved virtual account, including:
- Account number
- Status
- Associated customer data
- List All Virtual Accounts
Retrieve a comprehensive list of all virtual accounts reserved under your business, enabling better management and monitoring of customer payments. By leveraging virtual accounts, businesses can improve cash flow management, reduce reconciliation errors, and provide customers with a more transparent payment experience.
Benefits
By leveraging virtual accounts, businesses can:
- ✅ Improve cash flow management
- ✅ Reduce reconciliation errors
- ✅ Provide customers with a more transparent payment experience
Virtual accounts streamline financial operations while maintaining clear visibility into customer payment patterns and account status.