Virtual Bank Accounts
Virtual bank accounts (VBAs) let you give customers unique bank account identifiers that can automatically transfer funds into their Stellar wallets.
What Are Virtual Bank Accounts?
A virtual bank account provided by third parties is not a real on-chain account. Instead, it’s a reference or identifier tied to your customer's Stellar account in the third party's system. All transactions flow through one treasury account and assets are sent to the customer's Stellar account.
Why Use Virtual Bank Accounts?
Virtual bank accounts are a great way to give your customers a seamless experience when receiving traditional payments. They can provide traditional bank account numbers, and the funds will be automatically transferred to their Stellar wallet as an asset. A user can, for example, receive an ACH transfer using a virtual bank account, receive a USD-pegged stablecoin, then use it directly or withdraw it to their local currency.
Virtual Bank Account Providers
