Auto Collect is a payment collection solution designed for enterprises to accept digital payments directly from customers with ease across 180+ payment modes. The system enables businesses to track payments with ease and automate reconciliation.
The Auto Collect system operates through a three-step process:
Create unique virtual payment addresses for each of your business units with Dashboards and REST APIs.
Branch/Franchisee/Customer makes a payment via any UPI app - Google Pay, PhonePe, Whatsapp, etc.
Headquarter gets notified of successful payments via SMS and emails through webhooks, and the same gets reflected on the central dashboard.
Description: Create unlimited virtual payment addresses/UPI QR codes and virtual bank accounts to keep a track of individual branch sales in real-time.
Recommended for: Restaurants, travel agencies, jewellery showrooms, theatres, pharmacies, quick eat outlets, and similar business.
Description: Create a unique virtual payment addresses/UPI QR codes or virtual bank accounts for your individual customers, share with them and get instant notifications when funds are added to the wallets.
Recommended for: Hospitals, schools, universities, service centers - automobiles, and similar.
Description: Create unique virtual payment addresses or virtual bank accounts for your individual customers, share with them and get instant notifications when funds are added to the wallets.
Recommended for: Stock brokers, asset management companies and investment firms.
Cashfree Autocollect helps not only collect incoming bank transfers and UPI payments but also track and automatically reconcile payments. Also Cashfree Autocollect uses Virtual account and Virtual UPI IDs to collect payments, while most banks do not provide this facility.
Virtual Account is a pass through account linked to a real bank account. The account is used to improve inward payments reconciliations. When a business receives payments from multiple sources and over a period of time, it gets difficult to track-who paid and which reason. This is usually reconciled manually by matching reference numbers in the bank statements with screenshots provided by a payer. By creating multiple virtual accounts mapped to the same account, it becomes possible to reconcile different incoming transactions into a bank account.
With Cashfree autocollect- cash management services, you can generate any number of virtual accounts or UPI IDs for each payer or invoice and share a/c details while receiving payments. For repeated customers you can use a dedicated virtual account or UPI ID.
For most banks, Virtual account payments can be received only using NEFT or RTGS; IMPS payments fail. The payments are not instant and restricted by banking hours. Using Cashfree cash management services solution, funds can be remitted to the virtual account through all bank transfer modes including UPI, IMPS, NEFT, RTGS and even Cheques. Cashfree also helps you create Virtual UPI IDs to accept payments through any UPI app such as WhatsApp or Google Pay. Moreover, for banks, reconciliation of payments happens through files sent over email, which is a once a day reconciliation process. For Cashfree, payment confirmation can be received through an API which is a real-time system update for receipt of funds. Cashfree also supports fully numeric virtual accounts unlike many banks which work on all bank interfaces -- alpha-numeric bank accounts provided by banks do not work on many of the older bank interfaces, especially on mobile.
No, however for automating outward payments you can use Cashfree Payouts. It is bulk disbursal solution that helps you send money to any UPI-BHIM ID, Paytm wallet, debit card or bank account. With inbuilt bank account verification feature, you can verify the bank account details and ensure that payments hit the right account.
No there is no KYC required for creating the account. You can create any number of virtual accounts and virtual UPI IDs using Cashfree cash management services.
No, it is not possible to hold money in the account. The payment so received eventually passes to the linked real bank account. The virtual account here is used only for payments reconciliation.
With unique printable QR code for each branch or franchisee, collect UPI payments via all UPI Apps and get transparency on all UPI payments collected.
Verify and onboard vendors, collect payments from customers, deduct commissions, and split payments between vendors or your own bank accounts.
No-code payment links to collect payments over WhatsApp, SMS, Facebook, Twitter and other channels.
Accept recurring payments by auto-debiting customers' accounts via standing instructions on card, e-mandate via net banking option or UPI AutoPay.
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.
RBI Authorised Payment Aggregator License Certificate of Authorisation No. 266/2025
RBI Authorised Prepaid Payment Instrument (PPI) Provider Certificate of Authorisation No. 209/2024
Auto Collect offers the following onboarding benefits:
For additional questions and support, visit the Cashfree support page at https://www.cashfree.com/docs/help/overview