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.

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Key Features

Short-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.
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How to Receive Payments

  1. Generate a virtual account via the Create Temporal Virtual Account endpoint.
  2. The virtual account details can be displayed to the customer to make payments into.
  3. 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

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Available Endpoints