Create Virtual Account

Virtual Accounts are foreign currency accounts that function as local bank accounts. They can be used to collect funds from around the world. You get account details that enable you to collect funds from various platforms. Global Accounts can also be used to top up your UQPAY balance.

Notes on Account Creation Behavior

Currently, the API response to a successful request will always return a status of SUCCESS, regardless of whether the Virtual Account (VA) has actually been created.

The actual status of the VA can be tracked through Webhooks:

• virtual.account.create: Indicates that the request to create a VA has been initiated for the specified currency.
• virtual.account.update with status = Active: Indicates that the VA has been successfully created and is now available for use.

No webhook will be sent in the event of a failure to create the Virtual Account.