Required Onboarding Fields Exceptions - By Business Type

Sole Proprietor

Business Information	Note
Legal Business Name	Legal Name = Owner’s Legal Name
Statement Descriptor	DBA Name
Tax ID Number	TIN / Tax ID = Owner’s Social Security Number (SSN)
Type (Business Structure)
Public Company	Should be set to No. Defaults as Private.
Email
Address
City
State
Country
Zip Code
Phone
MCC
Website	A Website is required for eCommerce merchants

Primary Owner (Principal Signer) Information	Note
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title)	Warning: Using the ampersand character (&) entered in this field may result in boarding failure.
Ownership %	Should set to 100%
Principal Signer's Email
Principal Signer's Address	PO Boxes are not acceptable for owner address fields
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zip Code
Principal Signer's Phone

Common Validation Documents:

Drivers License
A driver’s license should be submitted to validate the principal signer’s identity against submitted documentation.

Void Check
Must feature owner’s name and/or DBA.

Partnership, LLC, or Non-Public Corporation

Business Information:

Business Information	Note
Legal Business Name
Statement Descriptor	DBA Name
Tax ID Number
Type (Business Structure)
Public Company	Defaults as Private.
Email
Address	Should be different than Owner/Signer Address
City
State
Country
Zip Code
Phone
MCC
Website	A Website is required for eCommerce merchants

Primary Owner (Principal Signer) Information:

Primary Owner (Principal Signer) Information	Note
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title)	Warning: Using the ampersand character (&) entered in this field may result in boarding failure.
Ownership %	Must have at least 25%
Principal Signer's Email
Principal Signer's Address	PO Boxes are not acceptable for owner address fields
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zip Code
Principal Signer's Phone

Common Validation Documents:

Articles of Incorporation
Submitting the Articles of Incorporation will validate the equity percentage required to be an authorized signer.

Signer’s Driver’s License
A driver’s license should be submitted to validate the principal signer’s identity against submitted documentation.

Void Check
Must feature owner’s name and/or DBA

Not-for-Profit Corporation

Business Information:

Business Information	Note
Legal Business Name
Statement Descriptor	DBA Name
Tax ID Number
Type (Business Structure)
Public Company
Email
Address	Should be different than Owner/Signer Address
City
State
Country
Zip Code
Phone
MCC
Website	A Website is required for eCommerce merchants

Primary Owner (Principal Signer) Information:

Primary Owner (Principal Signer) Information	Note
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title)	Role must be in a managerial position otherwise known as a “control prong” by FinCEN CDD Regulations. Warning: Using the ampersand character (&) entered in this field may result in boarding failure.
Ownership %	Should be 0%
Principal Signer's Email
Principal Signer's Address	PO Boxes are not acceptable for owner address fields
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zip Code
Principal Signer's Phone

Common Validation Documents:

Articles of Incorporation

Submitting the Articles of Incorporation will validate the equity percentage required to be an authorized non-profit signer (0%).

Proof of Employment or Management for Non-Profit

If not a managing member, but acting as a control prong, submit proof of contractual management or paystubs, tax returns, and contact information if currently employed there.

Void Check

Must feature owner’s name and/or DBA.

Government Entity or Public Corporation

Business Information:

Business Information	Note
Legal Business Name
Statement Descriptor	DBA Name
Tax ID Number
Type (Business Structure)
Public Company	Defaults as Public.
Email
Address	Should be different than Owner/Signer Address
City
State
Country
Zip Code
Phone
MCC
Website	A Website is required for eCommerce merchants

Primary Ownership - Government Entities or Public Corporation

In addition to the standard risk checks and reviews performed with standard Merchant boarding, the Platform’s underwriters perform a check for government entities using a third-party vendor.

The specific government entity designation for any individual with control over the organization's payment processing is called a “Principal” and is needed to comply with Card Brand requirements.

Warning: Only one Principal can be included for each government entity.

The following information for at least one Principal is required to board the government entity successfully:

Primary Owner (Principal Signer) Information	Note
First Name	Required
Last Name	Required
Date of Birth (DOB)	Optional, but recommended.
Social Security Number (SSN)	Optional, but recommended. If SSN is not provided, 999999999 should be entered instead.
Business Title (Principal's Title)	Role must be in a managerial position otherwise known as a “control prong” by FinCEN CDD Regulations. Warning: Using the ampersand character (&) entered in this field may result in boarding failure.
Ownership %	Should be 0%
Principal Signer's Email	Required
Principal Signer's Phone	Required
Principal Signer's Address	PO Boxes are not acceptable for owner address fields.
Principal Signer's City	Optional, but recommended.
Principal Signer's State	Optional, but recommended.
Principal Signer's Country	Optional, but recommended.
Principal Signer's Zip Code	Optional, but recommended.

Validation Documents:

Proof of Employment or Management for a Government Entity or Public Corporation

If not a managing member, but acting as a control prong, submit proof of contractual management or paystubs, tax returns, and contact information if currently employed there.

Void Check

Must feature owner’s name and/or DBA.