Reverse Penny Drop/Penny Pull

Overview

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.

Decentro's reverse penny drop/penny pull 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 their UPI VPA, from our bank partner.
• Callback configuration: This step requires the platform to submit a valid endpoint to acknowledge the callback triggered by Decentro.

Key Features

• Instant Verification: Quickly verify the account status, details and the account holder's name linked to a UPI ID before releasing payments.
• Onboarding Excellence: Reduce drop-offs, errors, and onboarding time of a user on the platform by asking the user to complete a UPI transaction rather than entering their entire bank account details.
• Identity Protection: Mitigate identity fraud and theft risks by ensuring the genuineness of the user .

Decentro's reverse penny drop/penny pull capability can be leveraged through our Intent Flow which allows any platform to fetch the bank account details, with the users consent, using the UPI collections rails. This journey does not require the user to enter the UPI VPA.

Decentro's reverse penny drop/penny pull 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 - Refunds on Production

INR 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 INR 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 (user) 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. Alternatively, the platform can also generate a Dynamic UPI QR code to enable desktop based journeys.

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Note

Our links will automatically display a QR code on desktop devices, even if the QR was not explicitly requested, to ensure there are no drop-offs in your journey.

Flow

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

• Create Link: this step requires the platform to create a penny pull intent link, with INR 1 as the fixed amount, via 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 3 working days of a successful collection at its end. No action is expected from the platform regarding this.