2 Types of Virtual Account Online Payments and the Benefits of Using Them

As a businessman, you must be familiar with the term virtual account, right? This payment method has been widely used by people who like to transact online because it offers an easy and fast payment process. But, did you know that virtual accounts are divided into two different types, namely fixed virtual accounts and non-fixed virtual accounts?

Well, for those of you who are curious about the differences between these two types, this article will discuss the differences between fixed and non-fixed virtual accounts, how virtual accounts work, and their benefits for businesses.

Difference between Fixed Virtual Account and Non-Fixed Virtual Account

Afixed virtual account is a type of virtual account with a fixed or unchanging number. This number contains a unique number for each customer, so every time a customer makes a transaction, they will use the same virtual account number.

Meanwhile, in the non-fixed virtual account type, the virtual number will change with every transaction. This virtual account number is generated dynamically by the system and is only valid for one transaction. Once the payment is completed, the number can no longer be used for subsequent transactions. Non-fixed virtual accounts are generally used for more flexible payments and are not tied to a specific customer.

Benefits of Using Virtual Account for Business

More Flexible Transactions

Virtual accounts, both fixed and non-fixed, make transaction management easier and more efficient. Fixed virtual accounts make it easier to identify transactions directly because each customer gets a unique and fixed virtual account number. This helps businesses record payments more accurately, reducing the risk of recording errors.

Meanwhile, non-fixed virtual accounts are suitable for one-time payments, such as in e-commerce transactions or temporary bills. This system allows customers to use a dynamically generated virtual account number, which will then become invalid after the transaction is completed. This flexibility makes it easier for businesses to handle temporary transactions without the need to manage a fixed account for each customer.

Payment Recording Can Be Automated

With virtual accounts, every incoming payment will be directly linked to a specific virtual account number, so the system can record and process the payment automatically. This certainly helps minimize potential errors in recording.

Safer and More Trusted Transactions

For businessmen, gaining customer trust is a very expensive price. The virtual account online payment method is the right choice because it offers security in every payment process. For example, the main bank account number does not need to be shared with third parties. In addition, the account number that changes with every transaction also reduces the risk of information misuse.

Customers are More Comfortable

For customers, a fast, easy, and secure payment process with virtual account method will make them feel comfortable when transacting. Because with this method, they do not need to enter their account number every time they make a transaction.

Maximize Business Potential with VA Bank

Seeing how important virtual account online payment method is for businesses, if you want a more efficient and integrated payment solution, Artajasa's Bersama VA Bank service can be the best choice. This service is specifically designed for partners and banks that have billers with virtual account (VA) business schemes. With Bersama VA Bank, you can add more payment channels without the hassle of developing a new system.

Not only that, Bersama VA Bank also allows virtual bank account payments to be made to non-banks with the concept of payment, and uses Artajasa's ATM Bersama service as its business backbone. The benefits? Your fundpooling revenue and fee-based income can increase without further development. With only 1 API, Collecting Agent Partners can immediately get various payments.

With these benefits, Bersama VA Bank service can be a smart solution to maximize your business potential, ensure payments run smoothly, and increase customer trust. Contact us at bersama.id@artajasa.co.id for more information about Bersama VA Bank service.