MCA Overview

What Merchant Collection Accounts are, how they work, and how to integrate them.

What is MCA?

Merchant Collection Accounts (MCA) are virtual bank accounts provisioned by PayGlocal that allow merchants to receive international payments in multiple currencies — USD, EUR, GBP, AUD, and more — directly into accounts held in those countries.

Instead of asking foreign customers to make a cross-border wire, your merchant shares a local bank account in the customer’s currency and country. The customer pays locally; PayGlocal handles settlement back to the merchant in INR.

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How It Works

1. Global Accounts Assigned

After a merchant is fully onboarded and activated, PayGlocal assigns virtual bank accounts across enabled currencies. Each account has local routing details (ABA, BSB, Sort Code, etc.).

2. Merchant Shares Details

The merchant shares the relevant account details with their overseas buyer. The buyer sends a local bank transfer — no SWIFT fees, no cross-border friction.

3. PayGlocal Settles

PayGlocal receives the funds, collects a supporting invoice from the partner, and settles the INR equivalent to the merchant’s bank account.

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Integration Overview

As a partner, your integration involves three surfaces:

Surface	What you do
Account Fetch	After merchant activation, call the API to retrieve their assigned virtual account details and surface them in your dashboard.
Webhooks	Listen for lifecycle events — fund receipt, settlement, FIRC — to keep your system in sync without polling.
Document Upload	When funds arrive, upload the supporting invoice so PayGlocal can process settlement.

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Transaction Lifecycle

Customer sends funds to virtual account
              │
              ▼
    DOCUMENT_PENDING ──── partner uploads invoice
              │
              ▼
    SENT_FOR_SETTLEMENT
              │
              ▼
           SETTLED
              │
              ▼
       FIRC_RECEIVED

Status	What it means
DOCUMENT_PENDING	Funds received into the virtual account; PayGlocal is waiting for the supporting invoice
SENT_FOR_SETTLEMENT	Invoice accepted; transaction is being processed for settlement
SETTLED	Funds settled to the merchant’s INR bank account
FIRC_RECEIVED	Foreign Inward Remittance Certificate generated and available

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Guides

Fetch Account Details

Retrieve the virtual account details assigned to an onboarded merchant.

Webhook Events

Handle lifecycle notifications for fund receipt, settlement, and FIRC.

Upload Documents

Generate a presigned URL and upload the supporting invoice.