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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 “Control Prong”. The following information for at least one Control Prong 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.

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