Karbon provides a free account to all its customers, and the customers can use it for all incoming and outgoing payments from this account. They can pay salaries, pay vendors, accept incoming payments from their customers and all regular banking transactions. Our customers love Karbon accounts, and they prefer it over their regular company's bank accounts. As of now, it is in beta, and it is free of cost.
Below is process to set it to up and use for day-to-day transactions.
Set up Karbon Account
If not already, get a Cashback card. The Karbon account is linked to your cashback card.
Below is the link to get a Cashback card.
Top up your account
The bank account details of your cashback card represents your Karbon account.
Accept incoming funds
Please share the bank account mentioned in the cashback card to your vendors for payment. On every incoming payment, you would receive a message on your Whatsapp with transaction details.
To make the outgoing payments, please follow the below link.
1. Karbon is not a bank.
2. The bank account is a virtual bank account, not a bank account with cheque book.
3. As indicated in the IFSC code, the virtual account is provided by YES Bank.