Bank Account Verification API
PayRupees provide Account Verification helps businesses to End risk by verifying both the consumer’s identity and that the active credit card or bank account is associated with that consumer.
Real-time verification can help to expedite and streamline the payment process before payments are accepted.
Provides the customer flexibility in choosing to use a credit card or bank account for payment options.
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Apply For Account Verification API
Account Verification is used for:
- Financial Services: Mitigate risk for payments associated with new account openings or loans.
- Telecommunication & Digital Media: Assess risk associated with paying monthly online bills, down payments, and new purchases.
- Retailers: Reduce risk of chargebacks for consumers making a payment or purchase online.
- Auto Dealers & Lenders: Accept a credit card and/or bank account with confidence for vehicle down payments.
- Insurance: Minimize payment risk for monthly premiums, and paying deductibles on claims.
- Rental/Property Management: Make deposit and monthly rent payments through bank account and accept credit cards.
- Government: Support deeper level of consumer verification while collecting payments.