Not just payment APIs!
Find out which applications EasyCrowd communicates with natively!
As you know, our white label solution allows you to collect donations, loans, investments or subscriptions in a dematerialized way.
These payments, since this is what we are talking about, can be made by users by credit card or by bank transfer, via payment service providers recognized for their reliability and security, such as MangoPay or Lemonway.
When a payment by transfer is initiated in the EasyCrowd solution, we assign it a unique reference and communicate to the payer an IBAN, that is to say a unique bank account number, on which to make the transfer.
By default, and to simplify things, each white label platform has a global IBAN to which the funds are transmitted, which are then distributed to the users' accounts according to the payments made. This operation is automated, of course, but requires various levels of control to ensure that the accounts are always credited with the right amount in an acceptable time.
Example of a transfer without virtual IBAN
In order to simplify this process, Lemonway and MangoPay offer a virtual IBAN system, available in EasyCrowd, allowing to create a unique IBAN for each user. Transfers are then made from the user's bank account to the payment provider's account automatically. This reduces the possibility of errors and considerably speeds up the processing time of payments by transfer.
Example of transfer with virtual IBAN
As you can see from the diagrams above, the use of virtual IBANs removes one step and greatly simplifies the process.
Voluntarily, I do not go into the technical details of IBAN generation here, the idea of this article being only to explain, if possible in simple terms, the usefulness of this feature during the donation, investment or subscription process.
Do not hesitate to contact us if you have any questions, we are always at your disposal!
