Creating Virtual Accounts as a Collection Tool using Zwitch APIs

You can use Zwitch Virtual Account APIs to create a virtual account that can be used to collect money from your customers and is automatically transferred to your primary virtual account. Once the amount is collected in your primary virtual account, you can transfer the amount to your current bank account or savings account or even split the amount and make automated vendor payouts.

This codelab gives you a hands-on walkthrough to create virtual accounts that can be used as a collection tool.

What you'll learn

• How to create Virtual Accounts for collecting recurring payments?

What you'll build

• In this codelab, you'll build a simple virtual account as a collection tool. 
• Customers can transfer money through NEFT/RTGS/IMPS/UPI to a virtual account number. 
• Zwitch then sends a webhook with the payment and remitter information to your configured webhook URL, notifying you about the incoming payment. 
• All the amount collected will be accumulated in your primary virtual account number, and you can then transfer it to any bank account using our Transfers API.

What you'll need

• Access to Zwitch Sandbox Dashboard (no credit card required, available for free in Sandbox mode)

• Click ‘Manage Keys’ to generate your test access and secret keys to test out this lab