Virtual Accounts for Marketplaces
Marketplaces that handle buyer payments and seller payouts at scale need a reliable financial infrastructure layer. Virtual accounts give each seller a unique payment destination for automatic reconciliation, clean balance management, and simplified payout processing.
The Problem
Manual reconciliation between incoming bank transfers and seller orders wastes time and causes errors
Sellers sharing a single collection account makes payment attribution difficult
Seller balance management requires custom accounting logic that is hard to maintain at scale
Delayed payouts due to manual processing create friction with sellers
Platform fee collection requires separate accounting steps outside the core system
Multi-currency seller bases add FX and routing complexity
Virtual Account Infrastructure for Marketplaces
We build virtual account systems that give each seller a unique account number for receiving payments. Incoming transfers are automatically matched to the correct seller account and credited to their balance. Sellers view their balance and request payouts from within the marketplace.
Platform Features
How It Works
Seller creates an account and passes KYC
Seller completes identity verification as part of marketplace onboarding.
Virtual account is provisioned for the seller
A unique virtual account number (IBAN or local account) is assigned to the seller.
Buyer sends payment to seller's virtual account
Buyer pays via bank transfer to the seller's unique account details.
Payment is detected and matched automatically
Incoming transfer triggers a webhook, is matched to the correct seller, and fees are deducted.
Seller balance is credited
Net proceeds are credited to the seller's ledger balance in real time.
Seller requests payout
Seller initiates payout to their bank account. Platform executes transfer via the banking partner.
Architecture Notes
Each seller gets a unique virtual account via the banking partner API. Accounts can be provisioned on signup or on demand.
Incoming transfers are matched to seller accounts using IBAN or account number. Matched payments are credited to the seller ledger. Unmatched items go to an exceptions queue.
Sellers initiate payouts from their dashboard. The platform sends payment instructions to the banking partner to transfer funds to the seller's external bank account.
Compliance & Regulatory Note
Virtual account services sit within the regulated payments and e-money space. Offering payment accounts to third-party sellers may require e-money or payment institution authorization in your jurisdiction. We build the software platform and integrate the banking partner; you work with legal counsel to define your regulatory obligations.
Frequently Asked Questions
Can sellers have accounts in multiple currencies?
Can the system handle high volumes of sellers?
Can payouts be in stablecoin?
How does this differ from a single pooled account?
Ready to Build?
Tell us about your product and we'll put together a technical scope and delivery approach.