Collection

Reconciliation of Inbound Payments

Accept payments directly in your bank account via UPI, NEFT, IMPS and RTGS. Match each payment to a customer or an order and reconcile automatically. or an order and reconcile automatically.

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Automated

Payment Reconciliation for all

You Receive Payments | We Reconcile them. | Unique Virtual account for each payer

Unique Virtual account

Use a unique account and virtual UPI ID for each payer. Opt for fully numeric or branded virtual a/c numbers or UPI IDs-easy to remember, easy to share.

All bank and UPI transfers

Accept payments via IMPS, RTGS, and NEFT. Create virtual UPI IDs for fast and simple payment collection from any UPI App.

Auto bank reconciliation

Freedom from manual reconciliation: Know who paid and when

See how

Does it work?

01

MERCHANT

REATE VIRTUAL ACCOUNT

Create a unique mapping of virtual account or Virtual UPI ID assigned to every payer/user. REST APIs available to create accounts automatically, in real-time.

02

CUSTOMER

NOTIFY USER

Share the account for payment for every user via email/SMS/WhatsApp or notify through your App.

03

CUSTOMER

USER PAYS

Payer pays to the assigned account using any UPI App like Google Pay, BHIM, Paytm, Whatsapp OR through their online net banking account.

04

MERCHANT

RECONCILIATION NOTIFICATION

Once the payment is received -- immediately, or within 2 hours for NEFT transfers -- you are instantly notified about the transaction and payment details via a webhook. The user's payment is thus acknowledged

Custom

Use Cases

  • Bill and fee payments

    Schools and educational institutes use AutoCollect cash management services to receive fee payments. Every student is assigned a unique virtual UPI ID based on the roll no. For ex - cashid.rollnumber@icicibank Payments into a virtual UPI ID are reconciled instantly on receipt.

  • B2B retailer distributor payments

    E Distributors use Auto Collect cash management services to reconcile inbound bank transfers received from 20,000 plus retailers. Since transactions are reconciled instantly, retailers are able to purchase inventory faster and free up working capital.

  • Loan repayments

    Lenders use AutoCollect cash management services to collect repayments for short term loans from consumers and businesses. Bank transfers are preferred since it is the least expensive and fastest way to move money.