Virtual Account

Seamlessly track your payments with Squad virtual accounts

Squad Virtual Accounts improve payments with instant confirmations, real-time monitoring, and automated reconciliation.

How Virtual Account works

We specialize in setting up virtual accounts tailored to meet your specific needs and business models.

Default Virtual Account

1

Access your virtual account number

After setting up your Squad account and your KYC has been approved, you'll automatically be assigned a unique account number to share with customers online or offline.

2

Display your virtual account details

Put your account details on display with the Squad decal. You can either download your personalized Squad decal from the dashboard or walk into any GTBank branch closest to you to pick it up.

Recommended for

Freelancers, retail stores, food service establishments and similar businesses.

Sample Pricing Calculator

Wonder how much it costs to receive payments with our virtual account feature? Enter any amount in the calculator below to find out.

For businesses with high-volume or high-value transactions, custom pricing options are available. Contact our sales team for more details.

IF YOUR CUSTOMER PAYS

WE WILL SETTLE YOU

NGN 0.00

SQUAD FEES ( 1.20%)

NGN 0.00

Benefits of using virtual account for your business

Create limitless NUBAN compliant virtual accounts for your business using our APIs.

Instant payment confirmations

Enjoy real-time confirmation of transactions to speed up your customers' payment experiences in-store and online

Multiple virtual accounts

Create multiple virtual account numbers to receive payments for your different outlets or businesses to ease your reconciliations.

Streamline reconciliation

Now, you can automate your reconciliation and trace funds that have been received from your different outlets or customers

Next-day settlements

Get your money fast. Squad transfers the funds in your virtual account into your bank account by the next business day

Alternative to receiving cash

Earn money effortlessly from anywhere, even in situations where your customers may not have physical currency on hand.

Affordable Fees

Our services boast cost-effective pricing with transparent fees and absolutely no hidden charges.

You can also Integrate with our virtual account API

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Squad is a complete payment solution made for businesses in Africa. It is a reliable, secure, and affordable payment platform that makes receiving in-person and online payments simpler.

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