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.

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

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.

Did you find this page useful?