The age of smart money collection is here. Are you in it?
Whether you are an SME or a big corporate house, you must have been collecting payments from your partners via NEFT/RTGS or IMPS. While the collection part is easy, it’s the reconciliation which may be taking most of your time. Referring to different systems, matching the details and invoices to map the transaction and customers who have made the payment is a tedious and time-consuming task. Don’t you think there must be an easy, automated and time-saving way to do this?
Allow us to introduce you to ‘Wibmopay Smart Collection’ a neat and clean solution to accept, manage and reconcile all your incoming payments.
Why should I use this?
Wibmopay Smart Collection will help you in saving time and reducing manual effort involved in payment reconciliation and allows you to create the dedicated virtual bank accounts to accept incoming payments from your business partners. The process is simple and can be easily utilized using the dashboard or by integrating into your system.
How does it work?
You can create any number of virtual accounts via our API or dashboard and the details can automatically be sent to your customer/client if you provide their contact details.
Once the customers/clients receive the details they can make their payment via NEFT/RTGS/IMPS to the dedicated virtual bank account and you’ll be notified in real time or as soon as the money hits their dedicated virtual account(it will take 2–4 hours in case of NEFT payments).
Your unique virtual account details will look like this:
Account Number: WIBMOExxxxxxxx
Bank IFSC: YESB0CMSNOC
The account number can also be customisable as per your requirements.
Key Benefits to your Business
You can create any number of virtual accounts as per the demand, be it one-time payment, recurring payments or any campaign specific for an event or cause.
We offer you full control over the customization of account numbers and partial or full refunds to the client with the following benefits.
No hassle payments: Share the unique and dedicated account details with your clients via API or merchant dashboard.
Unified reporting & real-time updates: We provide integrated real-time reporting and notification sent to your email address.
No need to get transaction details: All your customer has to do is approve the transfer on their banking portal and we’ll take care of rest.
If you have any questions or would like more information on how our e-collection solutions could benefit your business, please get in touch with us at 09599771577 or email us at help@wibmopay.com. We’d be happy to talk you through any queries you may have or fill out the form to arrange to call back at a time convenient.
Looking forward to helping you with our payment solutions.
Team Wibmopay
