Temporary Virtual Account
What are Temporary Virtual Accounts?
Temporary virtual accounts are designed for single transactions and have a specific expiration date. They are used for one-off transactions or short-term financial interactions and expire either after a specified period or immediately upon the completion of the designated transaction.
Temporary Virtual Accounts are created with a specific expiration date and are typically used for one-off transactions or short-term financial interactions. These accounts provide a secure and efficient way to manage payments without the need for permanent account setups.
Key FeaturesShort-Term Usage:
Ideal for temporary transactions, event-based payments, or limited-time projects.Fixed Amount:
Set an fixed amount for each account, ensuring they are only able to receive the specified amount.Flexibility:
Easily create and manage multiple temporary accounts as needed for different customers or events.Security:
Enhance the security of your transactions by using unique virtual account numbers for each temporary account.
Use Cases
- Event Registrations:
Create temporary virtual accounts for collecting payments for events, conferences, or seminars. - Promotions:
Manage payments for limited-time promotions or sales campaigns. - One-Time Sales:
Facilitate one-off transactions without the need for permanent virtual accounts.
How to Receive Payments
- Generate a virtual account via the Create Temporal Virtual Account endpoint.
- The virtual account details can be displayed to the customer to make payments into.
- Once payment is made, a webhook would be sent informing you of the transaction status. You can also make a request to the Get Temporal Account Status endpoint to get the status of the transaction.
Summary
Temporary Virtual Accounts provide a flexible and secure solution for handling short-term payments. Whether you are managing event registrations, promotional sales, or one-time transactions, these accounts offer a convenient way to handle temporary financial interactions. For detailed information on how to integrate and use these endpoints, please refer to the API documentation links provided
Available Endpoints
Updated 2 months ago