ATM & Bank Transfer in Indonesia (Virtual Accounts)
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ATM & Bank Transfer in Indonesia (Virtual Accounts) is the most popular Indonesian alternative payment method in which customer transfers funds to virtual bank account by using a banking mobile application, internet banking, or a physical ATM. Each customer receives a Virtual Account (VA) with a 16-digit number and is an account created and assigned to each of your customers automatically in response to the payment request so that you would be able to differentiate each payment from the payment source. Monetix creates a virtual bank account on an interbank network that is unique to the payment and is used only once. The payments made to the different Virtual Accounts will be automatically aggregated into the merchant's master account. The customer uses provided information to do a bank transfer into the virtual account before the account expires. A client can perform the bank transfer in the following ways:
Most (80 %) of transactions in Indonesia occur via virtual accounts. Monetix offers payment processing with major banks in Indonesia—Mandiri, Permata, CIMB and others. With the ATM & Bank Transfer in Indonesia (Virtual Accounts) payment method, you can accept payments from your customers by using Payment Page and Gate. Download the logo in the vector format here. |
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| Payment method type | Bank transfers |
|---|---|
| Countries and regions | Indonesia |
| Payment currencies | IDR |
| Payment amount limits | Contact your key account manager at Monetix for details. Also you can check the payment amount limits in your project by using Dashboard. |
| Payment processing time | Contact your key account manager at Monetix for details. |
| Currency conversion | On the Monetix side |
| Purchase |  |
| Payout |  |
| Stored credentials payments | |
| Refund | |
| Onboarding and access fee | Contact your key account manager at Monetix for details. |
Operations support
| Interfaces | |||
|---|---|---|---|
| Payment Page | Gate | Dashboard | |
| Purchase (scenario 1) | | | |
| Purchase (scenario 2) | | | |
You can check the payment amount limits in your project by using Dashboard. To check your payment amount limits, go to Dashboard, select the Projects section, and then click the Payment methods tab.
Payment scenario
In the ATM & Bank Transfer in Indonesia (Virtual Accounts) payment method, purchase procedure follows one of the following scenarios:
- Scenario 1—the customer is redirected to the provider service where they make a purchase
- Scenario 2—the customer follows the payment instructions displayed on the checkout page or in your system (when performing the purchase by using Gate)
Ask your key account manager at Monetix which of the scenarios is relevant to you.