Date: January 13

To improve merchant account management flexibility and pricing accuracy during order creation, we’ve released new API features.

1. Multiple Merchant Virtual Accounts (VA)
Merchants can now create and manage multiple virtual accounts under a single merchant account, enabling better fund segregation and operational control.

Common use cases:

  • Separate accounts for different business lines or sub-merchants

  • Distinct collection and refund/settlement accounts

  • Segmentation by currency, region, or payment channel

API documentation:
https://docs.velafi.com/api-reference/merchant/create-multiple-virtual-account

2. Quote ID Pricing Mechanism
Before placing an order, merchants can request a Quote ID to obtain and lock an accurate price.

  • Quote ID is valid for 10 seconds

  • The quoted price remains fixed during this period

  • The Quote ID can be used directly to create the order

Typical workflow:

  1. Merchant requests a Quote ID via the Quote API

  2. The system returns the price and validity period

  3. The order is created using the Quote ID within 10 seconds

API documentation:
https://docs.velafi.com/api-reference/quote