Buyers overview

BuyersBuyer 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. represent the businesses who use financial services offered by the Payment RunPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution. Plug-in within your application. When using the Payment RunPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution. Plug-in 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. can create a payment runPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution., and send payments to their suppliersSupplier A trusted business or individual that receives payments from Buyers through payment runs. Suppliers can be stored in a trusted supplier list, and when marked as trusted, may allow Buyers to skip Strong Customer Authentication when executing payment runs to those suppliers..

Due diligence

You need to onboard your customers onto Weavr before they can use any financial services.

You can embed an identity verification process referred to as Know Your Business (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.) for buyersBuyer 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.. This process lets you seamlessly and securely verify your customer’s identity and all you need on your end is just a few lines of code. We ask your users to submit the necessary information and documentation so that they can get approved by our financial providers.

Due to financial regulations, every financial provider must perform due diligence on all buyersBuyer 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. onboarded as customers.

Supported countries

We support onboarding corporatesCorporates Business entities that can be onboarded as identities on Weavr. Corporate identities represent companies and require Know Your Business (KYB) verification. They can have multiple authorised users and issue cards to card assignees. and consumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person. residing in the following countries:

Austria	Belgium	Bulgaria	Croatia
Cyprus	Czech Republic	Denmark	Estonia
Finland	France	Germany	Greece
Hungary	Iceland	Ireland	Italy
Latvia	Liechtenstein	Lithuania	Luxembourg
Malta	Netherlands	Norway	Poland
Portugal	Romania	Slovakia	Slovenia
Spain	Sweden	United Kingdom

Directors and UBOs of buyersBuyer 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. registered in the above countries, may be of any nationality and can reside anywhere in the world.

Supported open banking institutions

Your 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. is first required to retrieve the supported open bankingOpen Banking A service that allows customers to securely share their bank account information and authorize payments directly from their bank account. In Payment Run,Open banking can be used to link accounts and fund payment runs, providing a seamless experience for buyers. institutions that can be used to link an account and fund a payment run. Retrieving the institution list, ensures that your 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. are eligible to utilize the payment runPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution. plug-in.

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open banking support

Retrieving the supported open bankingOpen Banking A service that allows customers to securely share their bank account information and authorize payments directly from their bank account. In Payment Run,Open banking can be used to link accounts and fund payment runs, providing a seamless experience for buyers. institutions is essential if you want your buyersBuyer 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. to adopt open bankingOpen Banking A service that allows customers to securely share their bank account information and authorize payments directly from their bank account. In Payment Run,Open banking can be used to link accounts and fund payment runs, providing a seamless experience for buyers.. Since not all banks support it, this step ensures compatibility and a smoother user experience.

open banking Alternatives

If your buyersBuyer 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.' bank doesn't support open bankingOpen Banking A service that allows customers to securely share their bank account information and authorize payments directly from their bank account. In Payment Run,Open banking can be used to link accounts and fund payment runs, providing a seamless experience for buyers., you can use the Manual Linking and Funding option. For more details, refer to our documentation here.

Authorized users​

We support 2 types of authorized usersAuthorized User An individual that has been invited by the root user to manage an identity's instruments and transactions. They are not the legal owner of the identity but can be granted access to perform operations on behalf of the identity. For corporates, card assignees are created as Authorized Users. US-English variant of _Authorised User_.:

• Admin user is the individual who is creating the 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. identity. The admin user needs to be a legal representative of the 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. such as a director or a representative who has the power of attorney over the company.
• Authorized userAuthorized User An individual that has been invited by the root user to manage an identity's instruments and transactions. They are not the legal owner of the identity but can be granted access to perform operations on behalf of the identity. For corporates, card assignees are created as Authorized Users. US-English variant of _Authorised User_. is an individual with specific roles that has been invited by the admin user to manage the identity's Payment RunsPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution..

Every 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. must always have one admin user, and optionally can have an unlimited number of authorized usersAuthorized User An individual that has been invited by the root user to manage an identity's instruments and transactions. They are not the legal owner of the identity but can be granted access to perform operations on behalf of the identity. For corporates, card assignees are created as Authorized Users. US-English variant of _Authorised User_..

Roles & permissions

Every user must have at least one role assigned, and each role has a set of permissions linked to it. Below are a list of Roles and their associated permissions that define what users can do and what resources they can access.

tip

Users can be assigned multiple roles if they are responsible of multiple processes.

Admin role

This role has the ability to create a business and ensuring that systems and processes are effectively managed. This role can:

• Create, modify or delete users
• Assign roles and permission to users

note

The Admin role cannot change the default currency or change the business owner.

Controller role

The Controller role manages the authorization and funding of payment runsPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution. as well as the linked accountsLinked Account An entity in the Weavr system that represents an external bank account or payment service provider (PSP) account which an Identity has verified they own and control. This feature enables users to perform transactions, such as outgoing and incoming wire transfers, between their Linked Accounts and their Managed Accounts as 'self-to-self' transfers..

They are responsible of ensuring that the payment instructions are correct, thus they need to have access to the business's bank accounts and be able to decide how the payment runPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution. is funded.

This role can:

• View, Confirm, Submit and Cancel Payment RunsPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution.
• Fund a Zero Balance Account
• Link, unlink and renew consents for Linked Bank Accounts

note

The Controller cannot assign roles to users.

Creator role

The Creator role is responsible for gathering payment requests, invoices, and payment instructions from various departments or stakeholders within the organization. They determine the timing of the payment runPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution., considering factors such as payment terms and due dates. They create the payment runPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution., which triggers the transfer of funds to the designated recipients, such as vendors or employees. This role can:

• Create, view, delete a Payment RunPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution.

note

The Creator cannot authorize payment runsPayment Run A list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. Payment runs are typically managed by the accounts payable function within a business on a periodic basis and go through stages of creation, authorisation, funding, and execution..

danger

Creating and updating an authorized userAuthorized User An individual that has been invited by the root user to manage an identity's instruments and transactions. They are not the legal owner of the identity but can be granted access to perform operations on behalf of the identity. For corporates, card assignees are created as Authorized Users. US-English variant of _Authorised User_. requires the user to step-up their token.

More details on how to step-up a token are available in our documentation..