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Required Onboarding Fields Exceptions - By Business Type
Sole Proprietor
Business Information:
Legal Business Name 1
Statement Descriptor 2
Tax ID Number 3
Type (Business Structure)
Public Company (N)
Default Private
Email
Address
City
State
Country
Zipcode
Phone
MCC
Website 4
Primary Owner (Principal Signer) Information:
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title)
Ownership % 5
Principal Signer's Email
Principal Signer's Address 6
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zipcode
Principal Signer's Phone
Common Validation Documents:
Drivers License 7
Void Check 8
1 Legal Name = Owner’s Legal Name
2 DBA Name
3 TIN / Tax ID = Owner’s Social Security #
4 A Website is required for eCommerce merchants
5 Should set to 100%
6 PO Boxes are not acceptable for owner address fields
7 Driver’s License should be submitted as a means to validate signer identity via documents api or API fields.
8 Must feature owner’s name and/or DBA
Partnership, LLC, or Non-public Corporation
Business Information:
Legal Business Name
Statement Descriptor 9
Tax ID Number
Type (Business Structure)
Public Company (N)
Default Private
Email
Address 10
City
State
Country
Zipcode
Phone
MCC
Website 11
Primary Owner (Principal Signer) Information:
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title)
Ownership % 12
Principal Signer's Email
Principal Signer's Address 13
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zipcode
Principal Signer's Phone
Common Validation Documents:
Articles of Incorporation
Signer’s Driver’s License
Void Check 14
9 DBA Name
10 Should be different than Owner/Signer Address
11 A Website is required for eCommerce merchants
12 Must have at least 25%
13 PO Boxs are not acceptable for owner address fields
14 Must feature owner’s name and/or DBA
Not-for-Profit Corporation
Business Information:
Legal Business Name
Statement Descriptor 15
Tax ID Number
Type (Business Structure)
Public Company (Y/N)
Email
Address
City
State
Country
Zipcode
Phone
MCC
Website 16
Primary Owner (Principal Signer) Information:
First Name
Last Name
Date of Birth (DOB)
Social Security Number (SSN)
Business Title (Principal's Title) 17
Ownership % 18
Principal Signer's Email
Principal Signer's Address 19
Principal Signer's City
Principal Signer's State
Principal Signer's Country
Principal Signer's Zipcode
Principal Signer's Phone
Common Validation Documents:
Articles of Incorporation
Proof of Employment or Management for submitter
Void Check 20
15 DBA Name
16 A Website is required for eCommerce merchants
17 Role must be in a managerial position otherwise known as a “control prong” by FINCEN
18 Should be 0%
19 PO Boxes are not acceptable for owner address fields
20 Must feature owner’s name and/or DBA
Government Entity or Public Corporation
Business Information:
Legal Business Name
Statement Descriptor 21
Tax ID Number
Type (Business Structure)
Public Company (Y/N)
Email
Address
City
State
Country
Zipcode
Phone
MCC
Website 22
Primary Owner (Principal Signer) Information:
Per WP, New sub-merchant applications in these categories should submit the entity (business) demographics in the Owner section and the DOB and SSN fields should be set with all 0s. However, Payrix still suggests collecting the following fields for contact information in case of emergency:
First Name
Last Name
Business Title (Principal's Title)
Principal Signer's Email
Principal Signer's Phone
Validation Documents:
Proof of Employment or Management for submitter
Void Check
21 DBA Name
22 A Website is required for eCommerce merchants