A penny drop refers to a small test transaction, typically involving a very low amount, such as one cent or a penny. This transaction is sent to verify that the payment details provided by a user, like bank account information, are correct and active.
You receive a penny drop when your client adds your bank account as a beneficiary in their bank account. This process ensures that the account is valid and capable of receiving funds, serving as a security measure before larger transactions are made.
Please note that since these are just for account verification, we cannot settle this amount into INR.