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BANK ACCOUNT VERIFICATION FOR E-COMMERCE BUSINESSES

Verify Refund Recipients & Supplier Accounts Before Payment

Reduce refund fraud, payment errors and supplier risks by validating banking details directly against participating South African bank records before funds are released.

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THE RISK

Thousands Of Transactions. One Incorrect Payment Is One Too Many.

Online businesses process refunds, supplier payments, commissions, and marketplace settlements every day. When banking details are incorrect or manipulated, the result can be fraud losses, customer complaints, and costly recovery processes.

HOW IT WORKS

How Online Businesses Use AVS

1

Capture banking details

2

Verify with participating banks

3

Receive validation result

4

Approve payment confidently

BUSINESS VALUE

Common E-Commerce Use Cases

Customer Refunds

Verify refund recipient banking details before payment.

Supplier Payments

Validate supplier accounts before EFT processing.

Marketplace Sellers

Confirm seller banking details before payouts.

Affiliate Commissions

Verify beneficiary details before commission payments.

Vendor Onboarding

Validate banking details before activating suppliers.

Dropshipping Suppliers

Reduce payment risk when working with third-party suppliers.

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BUSINESS VALUE

Why E-Commerce Businesses Choose AVS

Reduce Refund Fraud

Verify recipient details before funds are released.

Protect Supplier Payments

Reduce risk from incorrect banking information.

Faster Transaction Processing

Receive verification results in seconds.

Improve Customer Experience

Reduce payment-related disputes and delays.

WHY VERISEAL

Verification vs Traditional Processes

PRICING

Simple Pay-As-You-Go

FAQ

Frequently Asked Questions

Every Online Payment Should Start With Verification

Protect customer refunds, supplier payments and marketplace settlements with real-time bank account verification.

©2019 by Veriseal (Pty) Ltd.

713 Rubenstein Ave, Moreletapark ,Pretoria, Gauteng, South Africa

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* Registered Third Party Payment Provider

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