Payments onboarding

To enable an entity to use Monite payment rails, you have to onboard this entity. The onboarding process consists of providing a set of legally required information that will allow the entity to accept or make payments.

There are several ways to onboard an entity, depending on the entity country and whether the partner wishes to use Monite-provided UI or build their own UI.

Enable payment methods

The first step of an entity's payments onboarding is to choose the desired payment methods for accepting and making payments. The selected payment methods determine the required onboarding information for the entity.

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Enable payment methods for an entity

Specify the payment methods that an entity will use to accept and make payments.

🇪🇺 EU and 🇬🇧 UK onboarding

The following onboarding methods are available for entities based in the European Union and United Kingdom.

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Onboarding via API

You will need to build your own onboarding UI on top of Monite API.

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Onboarding via Web Component [Beta]

Monite's <Onboarding> component provides a ready-made onboarding UI
that you can embed into your applications.

🇺🇸 US onboarding

Use the following method to onboard US-based entities.

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Onboarding via link

Monite provides a hosted onboarding page that US entities can use to fill in their information.

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Veryfing US bank accounts

US entities that wish to use ACH Direct Debit or paper checks must verify
the validity and ownership of their bank accounts.

Miscellaneous

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Key persons

Entities that are organizations need to provide information about their key persons, such as the business owners, directors, executives, and the primary representative.

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Verification documents

Entities also need to provide the verification documents that prove the business registration and the identity of the business owners and key persons.