Virtual Account - 2026 Pricing, Features, Reviews & Alternatives

Virtual Account provides a payment infrastructure solution that enables businesses to create unique virtual bank accounts with automated reconciliation and real time payment tracking. The system bridges traditional banking systems and modern business requirements. It is suited to e-commerce platforms, business to business enterprises, educational institutions, real estate developers, healthcare providers and logistics companies seeking to streamline payment collection processes. The solution supports major banks, allowing enterprises to implement sophisticated payment collection mechanisms without the need for extensive banking infrastructure development.

The Virtual Account provides enterprise payment management capabilities including instant virtual account creation that generates unique account details for transactions or customers with immediate activation. Automated reconciliation employs an intelligent matching system that aligns incoming payments with orders, invoices or transactions with near complete accuracy and eliminates manual matching processes. Real-time payment tracking and analytics deliver comprehensive visibility via a dashboard that monitors transaction success rates, settlement timelines and customer payment patterns. A smart notification and webhook system issues instantaneous alerts for payment events such as successful collections, failed transactions and reconciliation updates while supporting custom retry logic and high reliability. Flexible settlement and fund management options allow configuration of custom cycles ranging from daily to instant settlements with automated fund transfers to primary accounts accompanied by detailed settlement reports and transaction level breakdowns. Security measures encompass bank grade encryption, compliance with PCI DSS and RBI guidelines, advanced fraud detection, transaction monitoring and secure API authentication.

Integration with the Virtual Account follows a developer friendly RESTful architecture compatible with standard HTTP methods. Real-time webhooks deliver instant payment notifications and status updates alongside multi language software development kits for PHP, Python, Java, Node dot JS and dot NET environments. A sandbox environment permits full testing prior to production deployment. Detailed API documentation offers step by step integration guides with practical examples and sample code for tasks such as virtual account creation, response processing and webhook management. The integration workflow spans a four step process from account generation to payment processing via NEFT, RTGS, IMPS or UPI transfers, followed by automatic reconciliation and configurable fund settlement to a primary account. The system ensures consistent API uptime and complete webhook delivery rate, supporting mission critical payment operations with reliable infrastructure.