Q. What is Virtual Account API?

Virtual Account API is a digital tool that allows businesses to manage virtual accounts, enabling safe & secure financial transactions and seamless customer experiences.

Q. How can I get a virtual account API?

You can acquire a Virtual Account API through WaayuPay. Reach out to us, and we'll guide you through the process of obtaining your API key.

Q. Is Virtual Account API Safe?

Yes, Virtual Account APIs are designed with robust security measures to ensure the safety and integrity of your financial data, making them a secure option for managing virtual accounts.

Online Payout API Service Provider - Payout Payment Software

Payment initiation

online POS registration

web-payments acceptance via:

hosted payment page

host-to-host integration

Configurable checkout page

Payment initiation

send invoices and payment requests via:

push notifications

dynamic QR-codes with POS data and transaction sum

a payment link via email, messengers or SMS

Payment acceptance

In-store payments:

Via credit or debit cards

from digital wallet

from bank account

Online payments (checkout page):

by credit or debit cards

from digital wallet

from bank account

Tips acceptance

Instant/Regular payouts

Receiving settlement amounts to the merchant’s:

bank account

card

mobile phone

digital wallet

Receipts generation

manually, from transaction history

via sending email receipts after the transaction

Refunds initiation

initiating refund transactions on the customer’s demand

Merchant's digital wallet

opening a digital wallet for the merchant’s personal use

Roles & permissions management

individua

merchant

administrator

accountant

compliance manager

Deep dive into the out-of-the-box feature set

Show your audience you understand their routine and ensure they don’t waste time on trivial tasks. Attract merchants with the top-notch UI that streamlines and optimizes business processes for them. Help them achieve higher efficiency and reap the rewards of a quickly growing customer base and profits.

Serving the customers

Client onboarding

Self-registration via email or phone

Flexible survey and document uploading (such as identity, utility bills, etc)

Automated (via pre-integrated vendors)

KYC

Manual (via back-office interface)

Two-factor authentication (2FA)

Accounts

Accounts in any currency

Any digital assets: crypto, points, bonuses, etc.

Ledger for accounting and reflection in the system of any currencies or digital assets

Card issuing (via pre-integrated vendor)

IBANs (via pre-integrated vendor)

ACH (via pre-integrated vendor, coming soon)

Transactions

Top-ups and withdrawals

Payment gateway operations (via pre-integrated vendors)

In-system transfers or payments

In-system currency exchange

External currency exchange (via pre-integrated vendors)

Payment link

AML/Anti-fraud

Identify suspicious transactions promptly

Obtain the client’s confirmation to exclude fraud

Get a proof of income from a client to be AML-compliant

Freeze/unfreeze customer accounts if necessary

Close the case

Customer support

All customer details and activities in one place Communication with clients and creating notes Chats with customers via in-system messaging service Notes about a customer for future

User action history

Log of system activities by clients and team members Full details: logins, sessions, actions performed Valuable for investigation purposes

Monetization and finances

Contracts and vendors

Vendor terms and conditions input

Creating customer contracts with different sets of commissions and limits

Let customers choose the preferred contract type (e.g. with or without monthly fees)

Fees and limits

Customizable fees for any transaction: %, flat fee, or combination of them

Configuring the fee bearer (sender or receiver)

Transaction limits (per period, amount or number of transactions)

Reconciliation and settlement

Company liabilities reconciliation

Liabilities in front of your clients

Liabilities in front of your vendors

Identifying unmatched transactions and discrepancies

Resolving the detected issues

Clear picture of your company’s gains on top of transactions

Operations with cash

Ability to account any type of cash and manage “cash-desk” operations

Grow your profit

Get the most out of flexible transaction fees and limits configuration possibilities to maximize your revenue, plus attract and retain customers via personalized tariffs.

Independent pricing for transactions and products

Manage deposit and payment fees apart from payment cards fees and wire transfers (SWIFT/SEPA) for maximum flexibility.

Personalized tariffs

Easily tweak pricing for the previously set up customer segments. Leverage individual tariffs to meet specific business contract terms

Impose money flow limits

Manage potential risk by activating turnover and transaction limits for specific merchant segments, based on the risk level.