Collection Account

This document describes how to open a collection account (Virtual Account). Multiple major currency collection accounts are supported.

• Apply for Collection Account: This API initiates a collection account application.
• Call the collection account application API to submit the request
• The request_id in the request parameters is used for tracking the business process

• Query Collection Account Application Result: This API retrieves the application result.
• Periodically call the query API to obtain the result
• The request_id in the request parameters must match the request_id from the collection account application

• Collection Account Application Result (Notification): webhook for receiving asynchronous notifications.
• Listen for callback notifications of type VA
• The request_id in the notification content is the request_id from the collection account application

• Before applying for a collection account, ensure the merchant has been successfully onboarded (merchant onboarding result status is PASS).
• A currency wallet is automatically created when the collection account is opened successfully.