Virtual accounts are bank accounts that Pooler creates on-demand for your business. They allow you to collect payments from customers without the complexity of traditional banking integrations. Each virtual account has a unique account number that customers can send payments to.
Only Nigeria 🇳🇬 virtual accounts are supported for now
Account Security
- Unique Account Numbers - Each account has a unique, non-guessable account number
- Account Verification - Accounts are verified before activation
- Transaction Monitoring - All transactions are monitored for suspicious activity
Compliance
- KYC Requirements - Account creation may require customer verification
- Regulatory Compliance - All accounts comply with local banking regulations
- Transaction Reporting - Transaction data available for compliance reporting
Best Practices
Use Unique Accounts:
- Create a unique virtual account for each customer or transaction for easy tracking.
- Save virtual account details (account number, ID) in your database for reference.
- Set up webhook handlers to receive real-time payment notifications.
- Regularly reconcile virtual account payments with your records.
- Monitor account expiration and create new accounts when needed.
