Enabling USD Services
As part of enabling USD for our Members, some integration changes will be necessary.
Additional required fields for End Users to create USD account
Individual End Users:
- User's phone number
- User’s nationality
- Type of identity document (e.g., Work Permit, Passport)
- Document number
Create Individual End User & Object explained
Business End Users:
- UBO's phone number
- UBO's nationality
- UBO's type of identity document (e.g., Work Permit, Passport)
- UBO's document number
Create Business End User & Object explained
Identity Verification Document Requirement
To comply with regulatory requirements and enable United States Dollar (USD) services for your entities, an Identity Verification document must be provided. This requirement applies to the following:
- End Users: When creating a new End User for whom USD services are intended, or when enabling USD services for an existing End User.
- Businesses: When creating a new Business (either a Linked Business or a Business End User) for which USD services are intended, or when enabling USD services for an existing Business we will require you to provide Identity Verification document for the UBO
What is required?
You must upload a document that serves as proof of identity verification for the entity in question. When uploading this document:
- It is expected that the
type
parameter in the Create Document request is set toIDENTITY_VERIFICATION
. - Ensure the
relatedEntityIds
parameter correctly links the document to the specific End User or Business ID.
How to provide the document:
You can provide the required Identity Verification document by using the Create Document endpoint. Please refer to its detailed documentation for instructions on how to make the API request, including supported file formats (JSON, JPEG, PDF, PNG) and other necessary parameters.
Summary of Process for USD Enablement:
- Identify the Entity: Determine if you are enabling USD for an End User or a Business (Linked Business/Business End User).
- Prepare Document: Obtain the necessary Identity Verification document for that entity.
- Upload Document:
- Use the Create Documents endpoint.
- Set the document
type
appropriately (e.g.,IDENTITY_VERIFICATION
). - Link the document using
relatedEntityIds
to the correct End User or Business ID.
- Proceed with USD Service Enablement: Once the required documentation is successfully uploaded and processed, you can proceed with enabling USD services for the entity through the relevant API endpoints or platform functionalities.
Updated 4 days ago