Reverse penny pull

Overview

Decentro's penny pull/reverse penny drop capability can be leveraged by completing the prerequisites below.

• Merchant Onboarding: This step would require the platform to submit documents to obtain relevant details, such as VPA, from its bank partner.
• Callback configuration: This step requires the platform to submit a valid endpoint to acknowledge the callback triggered by Decentro.
• Commission setup: this step would require the platform to load the funds into a virtual account shared by Decentro for the charges.

Unlock the potential of frictionless journeys by seamlessly verifying and onboarding your customers, merchants, or vendors using the Penny Pull capability of Decentro. This capability helps you fetch the bank account details of the user without having to ask the user for them.

Key Features

• Instant Verification: Quickly verify the active status and account holder's name linked to a UPI ID before releasing payments.
• Onboarding Excellence: Reduce drop-offs and onboarding time of a user on the platform by asking the user to undertake a UPI transaction rather than entering the entire bank account details.
• Identity Protection: Mitigate identity fraud and theft risks by integrating this on the platform to ensure only genuine users submit.

Decentro's penny pull/reverse penny drop capability can be leveraged through the below flows.

• Intent Flow: This allows any platform to use Decentro's capability to fetch a bank account with consent using UPI collections through any UPI app without asking the user to enter the VPA.
• Collect Flow: this allows any platform to use Decentro's capability to fetch a bank account with consent using UPI collections through a specific app by entering the stated VPA by the user.

Decentro's penny pull/reverse penny drop capability will require the platform to submit certain documents before it can be exposed in the live environment. Please contact us at [email protected] for more details.

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Note - UAT Refunds

Rs. 1 will be refunded back to the same bank account within T+3 days. Please note that some banks might not send an SMS for the Rs. 1 transaction. Hence, please verify the refund by checking the account statement.

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Note - PROD Refunds

Rs. 1 will be refunded back to the same bank account within T+1 days. Please note that some banks might not send an SMS for the Rs. 1 transaction. Hence, please verify the refund by checking the account statement.

Reverse penny pull via Intent flow

Overview

The intent flow is very helpful in scenarios where the platform doesn't have the payer's VPA handy or wants to provide the payer the flexibility of paying from any UPI app of their choice. This flow also works very well where the platform is integrating this API on their mobile app or mobile based flows where UPI apps are available.

Flow

Decentro's penny pull/reverse penny drop capability can be leveraged through the intent flow as below.

• Create Link: this step requires the platform to create a penny pull intent link, providing the shortened link with 1 INR using the Create Intent API.
• Customer action: this step requires the payer/user to authorize the shared link on a UPI App of choice installed on the device or scan the QR code and enter a valid PIN.
• Status callback: this step will result in the platform receiving the Transaction Status callback on the endpoint shared by the platform at the time of onboarding.
• Status check: this step entails the platform manually checking the status of a link by using the URN passed by Decentro in the create link step using the Get Transaction Status API.

Decentro reverses the 1 INR the platform collects within 2 working days of a successful collection at its end. No action is expected from the platform regarding this.

Reverse penny drop via collect flow

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Please note that this flow is under development and will be released soon.

Overview

The collect flow is very helpful when the platform has the payer's VPA handy or wants the payer to authorize the payment from a specific VPA (UPI handle). This flow also works very well when the platform is integrating this API on their web/laptop-based flows where a UPI app cannot be opened directly.

Flow

Decentro's penny pull/reverse penny drop capability can be leveraged through the collect flow as below.

• Create Request: this step requires the platform to create a penny pull collect request by passing the VPA where the user has an account of 1 INR.
• Customer action: this step requires the payer/user to authorize the shared link on the UPI App where the VPA is available and enter a valid PIN.
• Status callback: this step will result in the platform receiving a Transaction status callback on the endpoint shared by the platform at the time of onboarding.
• Status check: this step entails the platform manually checking the status of a link by using the URN passed by Decentro in the create link step using the Get Transaction Status API.

Decentro reverses the 1 INR the user collects within 2 working days of a successful collection at its end. No action is expected from the platform regarding this.