Penny Drop Verification API
Verify bank account details by making a small test transfer using the Penny Drop Verification API. This method helps businesses confirm account ownership and accuracy before processing payouts, refunds, or settlements.
What is the Penny Drop Verification API?
The Penny Drop Verification API verifies bank account details by sending a small amount to the provided account. Once the transfer is completed, the system confirms the account holder name and verification status. This approach is also known as a Micro Deposit Verification API and is commonly used when transaction-based confirmation is required. It supports real-time bank account verification, helping teams avoid failed payouts caused by incorrect details.
Key Features
Powerful capabilities designed for modern businesses
Transaction-Based Verification
Uses a small transfer to confirm bank account details accurately, making it a reliable bank account verification API.
Instant Confirmation
Supports quick checks through an instant penny drop API, allowing faster decision-making.
Quick Response Time
Delivers results shortly after the transaction is processed for smooth workflows.
Consistent Performance
Designed to support regular verification needs with stable availability.
Accurate Account Validation
Works as a bank account validation API by matching account holder details after the transfer.
Easy Integration
REST-based API with clean JSON responses for fast setup.
Tech Support
A dedicated account manager ensures quick resolutions for high-priority issues on the same day. Other issues will be resolved within 1-2 working days.
Trusted Industries Across Penny Drop Verification API
Leading organizations across various sectors rely on our verification solutions
Sample Penny Drop Verification API Response
See what data you'll receive from our Penny Drop Verification API
JSON Response
{
"success": true,
"data": {
"accountHolderName": "Ramesh Kumar",
"bankName": "ABC Bank",
"ifsc": "ABCD0123456",
"verificationStatus": "Verified"
}
}Get Started with APIMall's Penny Drop Verification API!
Use transaction-based bank account verification to confirm account details with confidence. Contact our team to request access or begin integrating the API into your system today.
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For more information about the Penny Drop Verification API, please contact us.
Frequently Asked Questions
Get answers to common questions about our Penny Drop Verification API.