Being in the digital era, transactions are becoming easier and more practical with various innovations that continue to grow. One of the innovations in the banking industry that is increasingly used is virtual accounts. What exactly is a virtual account and how do I use it? Let's discuss it further.

Virtual account is a payment method that allows customers to make payments without having to use an actual bank account number. Each transaction will be assigned a virtual number that is unique and separate from the main account number. This makes it possible to make payments more efficiently.

The main advantages of virtual accounts include:

• Easy for various types of transactions

  You can make a wide variety of payments anywhere with a virtual account. One example is e-Commerce payments. You can save time if you choose a transaction method with a virtual account.

• 24-hour transaction payment

  Virtual account transaction payments provide flexibility for you because virtual account payment access can be done 24 hours non-stop. So, virtual accounts give customers the opportunity to pay even outside bank operating hours.

• Convenient and Recorded Transactions

  You don't need to bother recording account numbers, bank codes, or other information. You can directly make payments by copying the virtual code you get and the transaction will automatically be recorded under your name with the nominal that has been given.

From the above advantages, compared to other payment methods such as bank transfer or credit card, virtual accounts offer speed in payment. In addition, virtual accounts also allow payments to be made by anyone including those who do not have a bank account.

The main difference between virtual accounts and other methods is that the virtual account number is unique for every transaction including e-commerce shopping payments. Compared to bank transfers, virtual accounts are usually not charged additional fees by banks or transaction service providers. Meanwhile, bank transfer transactions will be charged if the sender's bank account is a different bank from the recipient's bank account.

One way to pay for virtual accounts is through mobile banking where all mobile banking applications already provide virtual account payment features to make it easier for online payments, Maybank Indonesia with M2U ID App also has a virtual account payment transaction feature. You can pay for various kinds of transactions with a virtual account via the M2U ID App . Then, how to use a virtual account via M2U ID App to make payments in e-Commerce, for example Tokopedia? Here's how you can do it:

How to get a Virtual Account number:

1. On the cart page, check out the items to be purchased
2. Next, select payment
3. On the payment method page, click 'view all'
4. Choose 'Other virtual account'
5. Click 'Choose Bank', then click 'Maybank'
6. Next, click 'Pay'
7. Copy the Tokopedia payment number and make the payment via M2U ID App

How to make a Tokopedia payment via M2U ID App:

1. Login M2U ID App
2. Choose 'Payment' menu
3. Select 'E-Commerce', then select the account that will be used to pay
4. Select the bill and click 'Tokopedia'
5. Next, enter your virtual account number or payment number
6. Check the payment details again
7. Enter Secure2u passcode
8. Tokopedia payment successful!

For more information, you can see the video 'Tokopedia Payment Guide' on this page. You can also see information on how to make a Tokopedia payment through a virtual account on this page.

Let's make a Tokopedia payment through the M2U ID App!