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Virtual accounts

An account number for every family.

Each parent gets a dedicated account number. Transfers into it are recorded against that parent automatically.

Fictional transfers, each recorded against the parent who owns the account.

Dedicated accounts

Known payer. No guesswork.

Accounts are provided through your payment processor: Monnify, Paystack or Flutterwave.

  • Per parent. See which parents have an account, and each parent’s accounts and recent payments on one page.

Fictional parents; one gets an account created.

Incoming payments

Every transfer recorded once.

Payments into a virtual account are recorded with the amount, fee and date, against the parent who owns it.

  • No double counting. A payment the processor reports twice is recorded only once.

  • Dashboard and export. Totals by processor, the last 30 days of payments, and a transaction list you can export.

Example dashboard figures.
FAQs

Virtual accounts questions

Before you set up virtual accounts.

Still have a question?

On the online version of SMS, on plans that include them, with the family wallet module switched on and a payment processor set up.

Make paying the school simpler.

Talk to us about setting up virtual accounts with your payment processor.