Onboarding KYB Workflow (Beta)
Disclaimer |
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Beta-stage product. This solution is in the beta stage and therefore considered a Beta-stage product. It is clarified that if there are any faults and/or issues, it will not affect your obligation to provide us with the requested and accurate information and documentation. This information should be delivered with no dependency on the stability and performance of the product. If the product is not working as expected, you should use any other alternative to fulfill your obligations as described above. |
Prerequisite Steps
Note
Before starting this workflow, you must do the following in the Partner Portal:
Step 1: List Offerings - Retrieve the Offerings and select the offering that will be used in the next step when the organization is created.
Step 2: Create Organization - Create the merchant's organization that also includes their
merchant_account_id- The ID of the merchant's account (String starting with org_).
Note
After the organization is created, the merchant receives an invitation email from Rapyd to register to the Rapyd Client Portal. The merchant has the option to accept the invitation and create an account in the Rapyd Client Portal.
KYB Steps
Note
There is an additional header parameter for all the methods in this section: merchant_account_id . See also Create Organization.
Step 1: Get Application Template - Retrieve the template for the application in order to view its fields and valid values.
Step 2: Get information to create the application:
List Industries - List the industries in order to know the MCC code of the proprietor.
Step 3: Create an application for relevant type of proprietor. One of the following:
Step 4: Update Application - Update the application with fields that have been populated.
Step 5: Upload Document to Application - Upload document files for each field that requires a document.
Step 6: Submit Application - Submit the application for review and final status.
Step 7: Retrieve Application - Retrieve the application to view its current application status and its field values. You can also retrieve an application via the wallet ID of the application.
Organization Status Updates
Note
The header parameter merchant_account_id is not required for any organization method.
Get Organization - Check the details of the organization (merchant) including its current KYB status. You also have the option to view the details of all your organization via List Organizations.