Overview

Pay with Transfer is a payment method that allows customers to make a one-time payment into pooled or temporary virtual accounts. Customers can easily complete these payments through their online banking applications.

You can access the Pay with Transfer option through the Fincra Checkout or via API

How Pay With Transfer Works

The Fincra Pay With Transfer service enables businesses to accept payments via direct bank transfers. When a customer initiates a payment:

Your business generates a payment request through Fincra's API or checkout
Fincra provides a dedicated virtual account number for this transaction
The customer transfers funds to the provided account from their bank app
Fincra detects the incoming payment and matches it to the transaction
Your business receives real-time notification of the successful payment

Common Use Cases

E-commerce Checkouts: Provide an alternative payment option for customers who prefer bank transfers
Invoice Payments: Allow clients to pay invoices directly to a dedicated account number
Marketplace Settlements: Enable sellers to receive payments without sharing personal bank details
One-time Payments: Process single transactions without requiring card details
Utility Bill Collections: Allow customers to pay bills via their preferred banking channels

Pay With Transfer properties by currency

Features	NGN	GHS	KES	UGX	ZAR	ZMW	USD	EUR
Bank transfer supported	✅	✅	✅	✅	✅	❌	❌	❌
Temporary virtual accounts	✅	❌	✅	✅	✅	❌	❌	❌
Permanent virtual accounts	✅	❌	✅	❌	❌	❌	❌	❌
Real-time transaction notification	✅	✅	✅	✅	✅	❌	❌	❌
Account name validation	✅	❌	❌	❌	✅	❌	❌	❌
Transaction reference validation	✅	✅	✅	✅	✅	❌	❌	❌
Payment expiry configuration	✅	❌	✅	✅	❌	❌	❌	❌
Account expiry (minutes)	30	N/A	30	30	30	N/A	N/A	N/A
Settlement time	Instant	Instant	Instant	Instant	Instant	N/A	N/A	N/A
Overdraft protection	✅	✅	✅	✅	✅	❌	❌	❌
Supports partial payments	✅	❌	✅	❌	✅	❌	❌	❌
Auto-reconciliation	✅	✅	✅	✅	✅	❌	❌	❌
Supports mobile banking apps	✅	✅	✅	✅	✅	❌	❌	❌
Supports USSD banking	✅	✅	✅	✅	❌	❌	❌	❌
Supports internet banking	✅	✅	✅	✅	✅	❌	❌	❌
Customisable account naming	✅	❌	❌	❌	❌	❌	❌	❌
Customer verification required	❌	❌	❌	❌	❌	❌	❌	❌
Supports webhook notifications	✅	✅	✅	✅	✅	❌	❌	❌
Payer details capture	✅	✅	✅	✅	✅	❌	❌	❌
Multiple payment tracking	✅	✅	✅	✅	✅	❌	❌	❌
Fee customisation	✅	❌	❌	❌	❌	❌	❌	❌
Fee bearer options	✅	✅	✅	✅	✅	❌	❌	❌
Minimum amount	100	5	100	1000	10	N/A	N/A	N/A
Maximum amount	10M	50K	1M	5M	50K	N/A	N/A	N/A
Available in Checkout	✅	✅	✅	✅	✅	❌	❌	❌
Available via API	✅	✅	✅	✅	✅	❌	❌	❌
Supports Payment Links	✅	✅	✅	✅	✅	❌	❌	❌
Refund supported	✅	✅	✅	✅	✅	❌	❌	❌
Recurring payment supported	coming soon	coming soon	coming soon	coming soon	coming soon	❌	❌	❌