Registration and activation of the Virtual Account payment method has never been easier. With Xendit, you can instantly activate a Virtual Account after successfully going through the KYC (Know your customer) process.
The activation process will depend on the cooperation model you choose between the Aggregator Model or the Switcher Model. Not sure the difference? Please visit the following article.
This model allows you to activate all bank channels instantly and provide instant settlement D + 0 to your Xendit dashboard after payment is made. Especially for BCA aggregators, settlement will be done in D + 2 working days after the transaction date. You can make a withdrawal at any time. Here are the steps for activating using the model aggregator:
In this model, the settlement process will be done directly to your bank account without going through the Xendit dashboard in the next working day for each successful payment. This model requires you to follow an additional application process with each bank you wish to use. You also need to open an account at the bank directly if you use this model (you can contact our Account Manager or Customer Service for guidance on the processes and policies at the related bank). Here are the steps for activating using the switcher model: