Virtual accounts and IBANs

Dedicated account numbers for NGN, GBP and EUR.

A virtual account is an account number you hand to a payer. Anything transferred to it is attributed to you.

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Permanent vs dynamic

	Permanent	Dynamic
Lifetime	Reusable indefinitely	Issued per transaction
Use for	A recurring customer or a wallet	One checkout
Endpoint	POST /collection/nuban-create-perm	Created by the checkout flow

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Currencies

Currency	Endpoint
NGN individual	POST /collection/nuban-create-perm
NGN corporate	POST /collection/nuban-create-corporate
GBP individual	POST /collection/iban-create-individual-usd
EUR individual	POST /collection/iban-create-individual-euro

Retrieve an existing one with POST /merchant/retrieve-iban.

Always show the payer the bank_name returned with the account. For NGN, the issuing partner bank changes from time to time, and a stale hardcoded bank name is the most common cause of abandoned transfers.