For more on customer validation, please visit our API documentation here. In addition to the above requirements, merchants who fall under the categories of Financial services, Betting, and General Services will need to validate their customers. To request an increase in this limit, please send an email to are the requirements for creating Dedicated Virtual Accounts? Now, customers will be able to pay you with a simple bank transfer to the account number assigned to them.Īll businesses have a limit of 1000 virtual accounts which can be assigned to a customer. You can look at a dedicated virtual account as another payment channel for your business. If you've set up any webhooks, events will be fired to that webhook URL so your servers can take action following the payment. Also, as with any other transaction, you will be notified via email and this transaction will be captured on your Paystack dashboard. When your customers send money to a dedicated virtual account, a transaction will be created on your transaction page just like any other transaction done via card, bank, USSD, etc. The dedicated virtual account that you generate for your customers is linked to your Paystack business. This enables your customers to pay you via bank transfers to this dedicated virtual account. This feature is only available for Registered Businesses in Nigeria at the moment.Ī dedicated virtual account is a feature on the Paystack Dashboard and API that allows merchants to create and reserve bank account numbers for receiving payments from their customers.
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