Is there any way to do a bank account verification same as paypal

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Hi all

I am working on an ecommerce portal. Where we need to do a bank account verification of our vendors.

Our vendor will enter his bank account detail on our website then a random amount (ex:1.09 paisa) from my company's account will transfer into vendor account.

It is same like as a paypal bank account verification.

Can someone help me to solve this problem.

Posted 3-Mar-15 18:34pm

gauravcarjinn

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BillWoodruff 4-Mar-15 2:04am

Since you would require access to the user's account in the bank to really verify the user had received your transfer, I think unless each bank provided you with the kind of service PayPal does, this is impossible ... for good reasons: security.

gauravcarjinn 4-Mar-15 2:10am

But flipkart.com provide same functionality when you register as vendor. That's why i am sure there should have solution of this problem

BillWoodruff 4-Mar-15 2:21am

PayPal and flipkart have their own high-security mechanisms that serve as an intermediary between users/institutions and users/institutions.

What if the user's account is with an institution that doesn't use PayPal of flipkart, or any other intermediary ? Do you think they will allow you on-line access without your having a verified account; if they did, that would be one insecure institution, in fact, they would be not be allowed to do so by bank/financial regulatory agencies.

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