Pennydrop Bank Verification - decentro API

Overview

• Pennydrop Bank Verification API is a powerful tool provided by decentro for businesses in the FinTech industry.
• It is mainly used for instantly validating a user's bank account via penny drop/pull/less verification.
• The API comes with an inbuilt approval flow and beneficiary name verification.

Major Customers Using It

• FinTech Startups [FinTech]
• E-commerce Platforms [E-commerce]

Features & Integrations

• Instant bank account validation
• Inbuilt approval flow
• Beneficiary name verification
• Integrates seamlessly with other decentro APIs

Use Cases

• Used during customer onboarding to verify the bank account details of the user
• Useful in ensuring the security of transactions by confirming the authenticity of the bank account

Documentation Link

• Decentro Documentation

Developer Support

• Decentro offers comprehensive developer support through their online documentation
• They also have a dedicated support team for troubleshooting

Advantages

• Ensures secure transactions by authenticating bank accounts
• Facilitates smooth customer onboarding process
• Easy to integrate with existing systems

Fees

• Please contact decentro for detailed pricing information

FAQs

• How does the penny drop verification work?
  • The API validates a bank account by doing a penny drop (small deposit) transaction automatically.
• Is the API easy to integrate?
  • Yes, it is designed to integrate seamlessly with existing systems.

Company Information

• Company Name: decentro
• Year Founded: 2017
• Notable Achievements: One of the leading API providers in the FinTech industry in India

Year Company Founded

• 2017

Social Profile Links in format

Linkedin: "https://www.linkedin.com/company/decentro/"