

A virtual account is a unique, system-generated account number linked to a master bank account, used to receive and track payments separately for better reconciliation and identification.
Each customer, vendor, or use case is assigned a unique virtual account. Payments received are automatically mapped to the correct entity without manual intervention.
Virtual accounts simplify reconciliation and reduce manual tracking. They are especially useful for high-volume collections.
Businesses use virtual accounts for customer collections, marketplaces, and enterprise receivables.