Onboarding Requirements Checklist

Overview: This Implementations resource explains boarding form definitions and requirements.

To provide a frictionless and expedited merchant onboarding experience, the following information and fields must be provided, completed, or assigned by each respective Partner, as described.

Application / Sign-Up Form High Level Requirements

See Signup Form Definitions for a complete list of all Signup Form field values.

Requirement	Description
Beneficial Ownership Requirements	Partner to require and pass all application required data fields in compliance with FinCEN’s Beneficial Ownership Information which includes: Ownership Prong Info: Personal information on all Owners with 25% or more ownership interest Control Prong Info: Personal information on the individual with controlling/significant responsibility
Terms and Conditions	Partner to pass/provide the merchant’s accepted Terms and Conditions attributes to include the following: Terms and Conditions - Version Terms and Conditions - Date Accepted Terms and Conditions - Time Accepted
Merchant IP Address	Partner to pass/provide the merchant’s IP address in the T&C IP Accepted field
Bank Account Validation	Plaid Integration; OR Document upload of voided check, signature card, or bank statement
Merchant Website	Partner to pass/provide the merchant’s website link. If the merchant will be processing online transactions, the Partner must pass/provide the website link used to process the online transactions. Partner websites or generic websites used for multiple merchants are not permitted.
Payment Parameters	Partner to pass/provide the merchant’s expected processing parameters to include the following: Annual Processing Volume Average Transaction Amount
MCC Assignment	Partner to pass/provide the merchant’s Merchant Category Code (MCC) based on the merchant’s actual processing activity and to implement a Quality Control (QC) process to ensure the most accurate MCC Code is selected. If a merchant processes transactions not covered by a single MCC assignment, an additional MID setup might be required
Cardholder Verification	Partner to integrate its referred merchants to prompt for the entry of AVS and CVV fields (for applicable merchants/transactions)
Transaction IP Address	Partner to pass/provide the cardholder’s IP address with all transactions
Transaction Processing Method	Partner to confirm the transaction processing method as outlined below and if processing via the API Partner to pass the ThreatMetrix (TMX) session ID for merchant boarding and for transaction processing PayFields Terminals API: Requires Partner to pass TMX session ID
PCI Compliance (Partner)	Partner to provide an up-to-date PCI AOC document if responsible or involved in passing, touching, or housing cardholder data
PCI Compliance (Merchant)	Partner to request and provide PCI status on referred merchants level 3 or above (processing 20,000 transactions or more annually).
Screenshots of Application Process	Partner to provide screenshots of all pages in the application process.
Final Visual Walkthrough of the sign-up process	Partner to provide Payrix Pro Risk with a visual walkthrough of the sign-up process. To be scheduled prior to the launch of merchant submissions.