Virtual Accounts
Smart Virtual Accounts For Seamless Collections
What Virtual Account Services Do We Provide?
Apex Pay’s Virtual Accounts simplify payment collections, enhance reconciliation, and offer complete financial control with seamless automation.
- Unique Virtual Account Numbers (VANs): Assign a dedicated account number for each payer, ensuring precise tracking and transparency.
- Automated Real-Time Reconciliation: Eliminate manual processing with instant matching of incoming payments to invoices.
- Multi-Mode Payment Support: Seamlessly receive funds via UPI, NEFT, RTGS, and IMPS for a frictionless experience.
- Tailored Use Cases: Utilize Virtual Accounts for specific needs like merchant settlements, escrow accounts, and automated KYC verification.
- Customizable Account Structures: Configure accounts by payer, department, or transaction type to optimize financial control.
How Businesses Benefit from Virtual Accounts
Unlock the full potential of Apex Pay’s Virtual Accounts with smarter financial management and efficiency:
- Effortless Payment Reconciliation: Automatically map incoming transactions to invoices, reducing errors and saving valuable time.
- Enhanced Cash Flow Management: Experience instant fund settlement for better liquidity and financial agility.
- Improved Payment Transparency: Gain real-time insights into every transaction, ensuring better decision-making and tracking.
- Stronger Fraud Protection: Secure every payment with unique Virtual Account Numbers (VANs) for increased transparency and reduced risk.
- Scalability for Any Business: Ideal for e-commerce, SaaS, logistics, fintech, and high-volume businesses, ensuring seamless handling of large transactions.
Smarter Transactions with Virtual Accounts
Apex Pay’s Virtual Accounts transform payment management for businesses across industries. From streamlining cash flow for e-commerce and subscription services to ensuring transparent transactions in fintech and real estate, our solutions provide real-time tracking, automated reconciliation, and secure fund management tailored to your needs.
01
Fintech
- Disbursement Accounts: Issue virtual accounts to users for receiving instant payouts from loans, investments, and financial services.
- Escrow Accounts: Securely hold funds during transactions, releasing payments only upon successful completion.
- Merchant Settlement Accounts: Assign dedicated virtual accounts to merchants for seamless payment reconciliation and payouts.
- KYC Verification Accounts: Generate temporary virtual accounts to receive small deposits during KYC verification, ensuring identity authentication.
02
E-commerce & Marketplaces
- COD (Cash on Delivery) Management: Generate virtual accounts for each COD transaction to ensure funds are deposited only upon successful delivery.
- Seller Payouts: Allocate virtual accounts to marketplace sellers for tracking sales proceeds and seamless disbursements.
- Refunds & Chargebacks: Process instant refunds and dispute chargebacks efficiently through virtual accounts.
- Prepaid Wallets: Enable virtual account-based wallets for seamless payments and order processing.
03
Subscription Services
- Recurring Payments: Assign virtual accounts for automated deduction of subscription fees, ensuring uninterrupted services.
- Trial Management: Use temporary virtual accounts for free trials, preventing unauthorized charges after expiration.
- Tiered Subscriptions: Track payments by subscription tiers, simplifying revenue segmentation and analysis.
- Prorated Billing: Automate accurate billing adjustments for users upgrading or canceling subscriptions.
04
Education
- Tuition & Fee Collections: Assign virtual accounts to students for real-time tracking and automated fee management.
- Scholarships & Stipends: Efficiently disburse scholarships and stipends with unique virtual account numbers.
- Event & Admission Payments: Manage college event fees, examination payments, and admission processing through virtual accounts.
05
Logistics & Transportation
- Driver Payments: Allocate virtual accounts to individual drivers for seamless trip settlement and earnings tracking.
- Vendor & Fleet Management: Automate transparent payments to logistics vendors and fleet operators.
- Freight & Delivery Collections: Simplify freight charge reconciliation and direct payments through virtual accounts.
06
Healthcare
- Insurance Claim Settlements: Assign virtual accounts for instant disbursement of insurance payouts to policyholders.
- Patient Billing: Enable real-time hospital bill tracking with unique virtual account numbers.
- Vendor Payments: Streamline transactions for pharmaceutical suppliers, labs, and medical equipment providers.
07
Real Estate & Property Management
- Rent Collection: Assign virtual accounts to tenants for direct deposit and accurate reconciliation.
- Project Financing: Allocate accounts for tracking funds, investments, and construction expenses with precision.
- Maintenance Fees: Simplify building and society maintenance fee collections via virtual accounts.
08
Nonprofits & Donations
- Fundraising Campaigns: Create virtual accounts for specific donation campaigns, ensuring transparent tracking.
- Beneficiary Disbursements: Send funds to beneficiaries using unique account identifiers for accountability.
- Event Sponsorships: Manage sponsorship transactions for charity events and nonprofit initiatives effortlessly.
