Automated Payment Collection
Our Virtual Account API enables automatic collection of payments from NEFT, RTGS, IMPS, and UPI. This automation reduces manual effort and ensures that payments are processed efficiently and accurately.
Automatically collect payments from NEFT, RTGS, IMPS, and UPI using our Virtual Account API. Create unlimited virtual accounts at no extra cost and share them with your vendors for easy payment reconciliation.
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Virtual accounts are unique, individual bank account numbers assigned to each of your clients or transactions. They streamline the payment collection process by allowing you to automate and track payments efficiently. With our Virtual Account API, you can effortlessly collect payments from NEFT, RTGS, IMPS, and UPI, ensuring that funds are accurately routed to the right accounts without any manual intervention.
The importance of virtual accounts lies in their ability to simplify reconciliation. By assigning a unique virtual account to each transaction or client, businesses can easily track incoming payments and match them with corresponding invoices. This reduces the risk of errors and saves time spent on manual reconciliation. Additionally, virtual accounts provide enhanced transparency and control over cash flow, making financial management more efficient.
With Our Virtual Account API, You can create unlimited virtual accounts at no extra cost, offering flexibility and scalability as your business grows. The API seamlessly integrates with your existing systems, providing real-time notifications and detailed reports
Our Virtual Account API enables automatic collection of payments from NEFT, RTGS, IMPS, and UPI. This automation reduces manual effort and ensures that payments are processed efficiently and accurately.
Create unlimited virtual accounts at no extra cost. This feature provides you with the flexibility to assign unique accounts to each client or transaction, simplifying the reconciliation process and enhancing financial management.
Receive instant notifications for each transaction, ensuring you stay updated with every payment. This real-time feature helps in quick decision-making and better financial oversight.
Our Virtual Account API integrates seamlessly with your existing financial systems, providing a smooth and efficient workflow. This integration reduces the need for manual data entry and minimizes errors.
Simplify the reconciliation process by using unique virtual accounts for each payment. This feature reduces the risk of errors and ensures that all payments are matched accurately with corresponding invoices.
Access comprehensive and detailed reports on all transactions. This feature provides you with valuable insights into your cash flow, helping you make informed financial decisions and maintain better control over your finances.
Our Virtual Account API is designed with developers in mind, providing a robust and flexible solution for integrating automated payment collection into your existing systems.
Automatically collect payments from NEFT, RTGS, IMPS, and UPI, ensuring timely and accurate payment processing with reduced manual intervention.
Assign virtual accounts to subscribers for automated recurring payments, simplifying subscription billing and maintaining accurate payment records.
Use virtual accounts for borrowers to automate loan repayments, improving accuracy and reducing manual work.
Virtual accounts are unique account numbers generated to streamline payment processing and reconciliation. They help in automating payment collection, tracking transactions, and improving financial management efficiency.
Virtual account is not linked to physical banks but are created for specific purposes, like segregating funds or tracking transactions, while traditional bank accounts are general-purpose accounts.
Virtual accounts streamline payment processing, improve reconciliation accuracy, and enhance financial management by providing unique identifiers for transactions.
Virtual accounts are used to receive payments from customers, segregate funds for different purposes, and track payments for easier reconciliation.
Yes, virtual accounts are secure as they are created for specific purposes and are not linked to physical bank accounts, reducing the risk of fraud.
No, customers will not be charged for making payments using virtual accounts.
Customers can pay to a virtual account number through various methods such as NEFT, RTGS, IMPS, or UPI, depending on the bank or platform used.
Yes, customers can pay through UPI apps like Gpay, Paytm, PhonePe etc. by adding Virtual Account number and IFSC code.
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