Create a Business Owner

POST /accountmanagement/v1/accounts/account_id/businessowners

Now that you have created the merchant account and added a user, you must create a business owner who owns the merchant account.

To create a business owner, you must initiate a POST request to the businessowners endpoint. When you create the business owner, they are automatically associated with the account ID provided in the endpoint.

This example flow is for a Canadian applicant. Different fields are mandatory for US and EU merchants.

Request Example
curl -X POST https://api.test.paysafe.com/accountmanagement/v1/accounts/89987201/businessowners \
-u devcentre322:B-qa2-0-53625f86-302c021476f52bdc9deab7aea876bb28762e62f92fc6712d0214736abf501e9675e55940e83ef77f5c304edc7968 \
-H 'Content-Type: application/json' \
  -d ' {
    "firstName": "Joe",
    "middleName": "Xavier",
    "lastName": "Smith",
    "jobTitle": "CEO",
    "phone": "5559998888",
    "ssn": "123123456",
    "email": "jxs@gmail.com",
    "dateOfBirth": {
        "day": 19,
        "month": 8,
        "year": 1976
    },
    "nationality": "CA",
	"percentageOwnership": 50,
	"isApplicant": true,
    "customerIp": "127.0.0.1"
}'

Prior to trying the example above, you should:

  • Replace the account number (89987201) in the URL with the Test account number you received.
  • Replace the API key (after the -u) with the API key you have received
Response Example
{
	"id": "8ede583e-6326-4298-885b-988522f6c54e",
	"firstName": "Joe",
	"lastName": "Xavier",
	"middleName": "Smith",
	"email": "jxs@gmail.com",
	"jobTitle": "CEO",
	"phone": "5559998888",
	"nationality": "CA",
	"percentageOwnership": 50,
	"isApplicant": true,
	"customerIp": "127.0.0.1",
	"ssn": "*******56",
	"dateOfBirth": {
		"day": 19,
		"month": 8,
		"year": 1976
	},
	"links": [{
		"rel": "self",
		"href": "https://api.test.paysafe.com/accountmanagement/v1/businessowners/8ede583e-6326-4298-885b-988522f6c54e"
	}]
}

Business Owner Requirements

When adding a business owner to a merchant account, Partners are responsible for the following requirements:

Requirements for Canada and Europe

Business Type Authorized Signatory KYC Requirements
  • Charity
  • Non-profit
  • Trust
  • Director or Trustee
  • A Director or Trustee must apply and sign.
  • This Director/Trustee and any additional Director/Trustee must provide their personal details in the business owner creation request(s).
  • Community Interest Company (CIC)
  • Director
  • A Director must apply and sign.
  • This Director and any additional Director must provide personal details.

  • Limited (LTD)
  • Limited Liability Company (LLC)
  • Corporation
  • Director
  • A Director must apply and sign.
  • This Director, any additional Director, and each shareholder owning 25% or more shares (to a maximum of 4) must provide personal details.
  • Public Limited Company (PLC)
  • Public Sector/Governmental
  • Director
  • A Director must apply and sign.
  • This Director must provide personal details.

  • Limited Liability Partnership (LLP)
  • Partnership
  • Partner
  • A Partner must apply and sign.
  • This Partner and any additional Partners must provide personal details.

  • Sole Proprietorship/Sole Trader
  • Owner
  • The Sole Proprietorship/Sole Trader only must apply, sign, and provide personal details.

Requirements for U.S.

A Control Prong is an individual with significant responsibility for managing the legal entity customer (e.g., a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice-President, or Treasurer).

Business Type Authorized Signatory KYC Requirements
  • Charity
  • Non-profit
  • Trust
  • Control Prong
  • Control Prong must apply and sign.
  • This Control Prong must provide their personal details in the business owner creation request(s).
  • Community Interest Company (CIC)
  • Control Prong
  • Control Prong must apply and sign.
  • This Control Prong must provide personal details.

  • Limited (LTD)
  • Limited Liability Company (LLC)
  • Corporation
  • Control Prong/Owner
  • A Control Prong or one of the owners must apply and sign.
  • This Control Prong and each shareholder owning 25% or more shares must provide personal details.
  • Public Limited Company (PLC)
  • Public Sector/Governmental
  • Control Prong
  • A Control Prong must apply and sign.
  • This Control Prong must provide personal details.

  • Limited Liability Partnership (LLP)
  • Partnership
  • Partner/Control Prong
  • A Partner/Control Prong must apply and sign.
  • This Control Prong and all partners holding 25% or more of the business shares must provide their personal details.

  • Sole Proprietorship/Sole Trader
  • Owner
  • The Sole Proprietorship/Sole Trader only must apply, sign, and provide personal details.

See our API Reference section for a list of all the JSON attributes and types available for the business owners endpoint.

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