Virtual Bank Account
The IvoryPay Virtual Account API enables businesses to generate and allocate virtual bank accounts, and receive fiat via these accounts.
The virtual account services opens a world of possibilities to businesses - from a straight-forward on-ramping and off-ramping experience to a private crypto/fiat exchange when combined with the Ivorypay Swap API.
NOTE: This service is only available to businesses in Nigeria at the moment.
The virtual account service offers 2 types of virtual accounts to an Ivorypay business:
CUSTOMER_ACCOUNT. 1. PERSONAL_ACCOUNT: A virtual account of the
PERSONAL_ACCOUNTtype is allocated to the business itself and each business can only have one of it. You can generate a personal virtual bank account for your business using the Ivorypay dashboard. 2. CUSTOMER_ACCOUNT: This type of virtual accounts is intended to be allocated to the customers of a business. A business can generate and allocate multiple virtual bank accounts of the
We recognize that the customers of a business can be private individuals and/or businesses too. So we've sub-divided the
CUSTOMER_ACCOUNTtype into 2 sub types:
BUSINESS_CUSTOMER_ACCOUNT. The rest of the documentation explains how you can create these two sub-types.