Virtual Accounts Flow

Overview

Decentro's virtual stack works closely with its Payments and Cards 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.

Process Flow

• Create a virtual account for a customer/partner/vendor
• Configure a Master virtual account for yourself. Please drop a mail to us at support@decentro.tech for us to configure this for you
• Configure callbacks for balance. Please drop a mail to us at support@decentro.tech 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
• Manage your virtual account to update any of the details or do UPI sub-merchant onboarding for the virtual account
• Trigger our Balance Settlement API to move funds from all your Virtual accounts into your master virtual account
• Fetch the consolidated account statement which is a statement of ALL the virtual accounts triggered to the email lD registered with us

Below is a graphical representation of Decentro's Virtual Accounts flow.