KYC Verification for Payout
After successfully creating a new receiver using the Create New Receiver API, the system will automatically send a KYC Verification for Payments email to the email address provided in the request.
What Happens Next?
Email Notification: The receiver will receive an email containing a secure link to complete their KYC (Know Your Customer) verification.
Identity Confirmation: The receiver must click the link in the email to confirm their personal details.
Document Upload: As part of the verification process, the receiver will be required to upload the necessary identification documents.
Verification Review: Once the receiver submits their details and documents, the system will review them for compliance before Subaccount can create payout for them.
Important Notes:
• The verification link is time-sensitive and will expire after a set period.
• If the receiver does not complete the KYC verification, their account KYC status will remain pending for payouts until verification is completed.
• If the receiver does not receive the email, they should check their spam folder or request a new verification email.
Webhook Notification: receiverKycUpdate
Once the receiver successfully completes their KYC verification, the system will trigger a receiverKycUpdate webhook notification. This allows Subaccount to be notified in real time when a receiver is fully verified and eligible for payouts.
Last updated