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?

1. Email Notification: The receiver will receive an email containing a secure link to complete their KYC (Know Your Customer) verification.

2. Identity Confirmation: The receiver must click the link in the email to confirm their personal details.

3. Document Upload: As part of the verification process, the receiver will be required to upload the necessary identification documents.

4. 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.