Payments Flow

Overview

Decentro's payments stack works closely with its Virtual Accounts stack.

• All the collections that happen through Decentro go INTO a Virtual account which can be on the platform's own account or Decentro's own account.
• All the payouts that happen through Decentro go FROM a Virtual account which can be on the platform's own account or Decentro's own account.

Common Flow

• Create a virtual account for a customer/partner/vendor
• Configure a Master virtual account for yourself. Please drop a mail to us at [email protected] for us to configure this for you
• Configure callbacks for balance. Please drop a mail to us at [email protected] with the callback endpoints
• Configure callbacks for transaction. Please drop a mail to us at [email protected] with the callback endpoints
• Fetch the balance of the virtual account for reconciliation before doing a payout or after collecting funds
• Fetch the statement to reconcile the transactions done against the virtual account

Collections Flow

Decentro recommends creating a virtual account for a customer. Below is the process flow for collections (UPI or loading into Virtual accounts using IMPS/NEFT/RTGS).

• Validate a UPI handle to check if the customer's VPA is valid
• Initiate a UPI collection request against a specific virtual account to collect funds into the virtual account
• Initiate a UPI payment link against a specific virtual account to collect funds into the virtual account using UPI deep links
• Decentro triggers account balance) callback against the Virtual account into which the funds are credited
• Decentro triggers transaction callback against the Virtual account into which the funds are credited
• Check the status of the collection by hitting the payment status API as an alternative to callbacks

Below is a graphical representation of Decentro's UPI collections flow.

Payouts Flow

Decentro recommends using a single virtual account and using beneficiaries. Below is the process flow for payouts.

• Validate bank account using our Penny drop service instantly to know who the account belongs to
• Add beneficiaries against the created virtual account before initiating a payout
• Payout to your beneficiaries using any of the supported modes using our Payout services
• Decentro triggers account balance) callback against the Virtual account into which the funds are credited and debited
• Decentro triggers transaction callback against the Virtual account into which the funds are credited
• Check the status of the payout by hitting the transaction status API as an alternative to callbacks

Below is a graphical representation of Decentro's payout flow.