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Monnify Customer Reserved Accounts allows a merchant generate a virtual account number which is dedicated to each of his customers. Every payment to that virtual account number is thereby associated with the customer for which the account was reserved.
This is extremely useful for merchants whose customers can only pay for a single service or merchants whose payment process involves a wallet. Here are a few examples of scenarios where a customer reserved account is perfect:
Step by step guide
Monnify Customer Reserved Accounts Integration can be complete in three steps:
BVN Restriction - This allows you to specify the BVN(s) of the individual(s) permitted to successfully make a payment to a virtual account they are assigned to. (i.e. If Mr. Olu Musa Emeka is issued a virtual account by XYZ Limited, his BVN is mapped to the assigned virtual account, and transactions from accounts without the same BVN would be rejected and automatically reversed to sender. |
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