What is a Bank Account Integration

Bank account integration is the process of connecting your bank account with a payment processing system that lets you receive payments using different modes of payment. This can help you conduct transactions without manual input.

Benefits of Integrating Bank Account

• Instant Access to Funds

  Receive your funds instantly upon a successful transaction. No delay or chargebacks.

• Security

  Secure transaction protocols reduce the risk of fraud.

• Streamlined Cash

  Manage cash flow with immediate access to funds.

• Ease of Use

  Simplify the transaction process for your customers and users.

Choosing the Right Payment Processor

Choosing the right payment processor is important for a smooth and hassle-free experience. Consider the factors below before making a final decision.

• Transaction Fees

  Many online payment merchant services charge very high fees and add yearly subscription fees and dormant account charges. In comparison, there are payment processors who charge low fees based on transactions. Choose a payment processor that does not have any hidden fees that may reduce your profit margin later on.

• Supported Payment Methods

  Ensure that the payment processor you select supports multiple payment methods, including bank transfers, digital wallets, online banking, QR code-based payment, etc.

• Integration Support

  Your payment processor should support robust technical functionality and offer easy integration with your existing website or mobile application.

• Security and Compliance

  The payment processor must be adhering to international security standards to protect the transaction data.

Prerequisites

• A Valid Bank Account

  You must have an active bank account that may accept online transactions and receive electronic payments. Make sure the documentation and KYC (Know Your Customer) of your account is fully completed.

• Access to Online Banking

  Your access to online banking is necessary to verify the transactions.

• What If I don’t have a Bank Account?

  Through our partnership with leading banks, we can help you connect with the right banking partner, depending on the location of your business.

Steps To Integrate Your Bank Account For Instant Payments With Asia Banks

• Sign up for an Account

  Fill in the Inquiry Form on our website, and we will reach out to you. This will require providing basic information about your business and the industry you operate in, such as E-commerce, Crypto, or Gaming payment processors.

• Enter Bank Account Details

  Once the first step is completed, you can add your bank account details. Here, you need to enter your Bank name, account number, account type, and IFSC/Routing number (Only for India).

• Verify Bank Account Details

  Once you enter the bank account details, we will verify your bank account. We might deposit a small amount to confirm the banking details you provided.

• Choose the Mode of Transactions and Currency

  Configure your payment settings to match your business operations. This will include the country of your operations, the currency you’ll accept, and the type of payment methods you want to use to receive payments. We offer bank transfer, digital wallets and Pay via scanning QR code, among other options.

• Go Live

  Once everything is configured and tested, you can go live and start monitoring your transactions.

Conclusion

Integrating your bank account to receive online payments can open a world of possibilities. By following the above step-by-step guidelines, you can integrate Asia Banks' payment processor into your existing website or application and start enjoying the benefits of instant payments. If you encounter any issues or have a question during the integration, you can reach our support team for assistance.