Reconciling inbound payments seems straightforward until you have more than a handful of customers. Someone sends money to your business account, and now you need to determine who sent it, why they sent it, and what the payment was for. In most cases, this means asking customers to include a reference, which they will eventually forget.
Virtual accounts solve this problem by reversing the model. Instead of having everyone pay into a single account, you generate a unique account number for a customer, a purpose, or even a single transaction. When funds arrive, you already know exactly who the payment belongs to. There is no reference matching, no guesswork, and no manual reconciliation.
This guide explains how virtual accounts work in the Afriex Business API, including the two available account types, when to use each one, the key constraints you should understand before building, and the complete integration pattern.
Two ways to collect: Dedicated accounts vs. pool accounts
Afriex provides two distinct models for collecting inbound payments, and choosing the right one can significantly simplify your integration.
