Virtual Accounts Flow

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.

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
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.