Penny Drop API
Verify bank accounts before sending any money with just a few clicks. Our Penny Drop API helps you to check the legitimacy of onboarding users by transferring 1 Rs to the end user’s bank account.
Ensure smooth transactions and minimal compliance.
Introduction
Instantly verify the bank account holder just by sending 1 Rs to his bank account. We will confirm the details and present you the name associated with the bank account. It’s fast and easy, with little to no delay.
Benefits of Verifying with our API
Plug and Play
The Penny Drop API is straightforward and integration is effortless, We provide a simple and user-friendly interface.
Prevent Fraud
The process will save any institution that has been and can be a victim of fake bank accounts holders and save your money to going in wrong bank account.
Accurate and Reliable
Our system checks the information from the bank associated with bank account number and ifsc code. Therefore, the results are always correct and legit.
Plug and Play
The Penny Drop API is straightforward and integration is effortless, We provide a simple and user-friendly interface.
Prevent Fraud
The process will save any institution that has been and can be a victim of fake bank accounts holders and save your money to going in wrong bank account.
Accurate and Reliable
Our system checks the information from the bank associated with bank account number and ifsc code. Therefore, the results are always correct and legit.
case-study
How SurePass reduced OpEx for an international ride hailing service for its operations in India
What is a Penny Drop API?
How does the Penny Drop API work?
What are the attributes that we can verify using the Penny Drop API?
What are the requirements for online Penny Drop verification?
How much time does it take to verify a Bank Account?
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