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Alignment of the permitted Buyer company types

ยท One min read

We have updated the permissible company types in the Create a BuyerBuyer A business entity in the Payment Run solution that can be provided with financial services to perform embedded payment runs. Buyers are onboarded through a KYB process and can create payment runs to pay their suppliers. They have roles such as Admin, Controller, and Creator. endpoint to match our current KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. restrictions.

Effective:

  • 12 September 2024 on Sandbox
  • 13 September 2024 on Live

The NON_PROFIT_ORGANISATION and SOLE_TRADER enums have been removed from the company type object in the Create a Buyer endpoint. As a result, when onboarding a new buyerBuyer A business entity in the Payment Run solution that can be provided with financial services to perform embedded payment runs. Buyers are onboarded through a KYB process and can create payment runs to pay their suppliers. They have roles such as Admin, Controller, and Creator., the available company types are now limited to: LLC, PUBLIC_LIMITED_COMPANY, and LIMITED_LIABILITY_PARTNERSHIP.

Affected API endpoints: