Payments Flow

This page gives you the process flow of using our payments stack

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
  • 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.

18601860

Payouts Flow

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

  • 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
  • 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.

15001500