Owner Details

The Owner/Officer section is always required and is used to collect information on all beneficial owners of the business/merchant being boarded.
  • There can be a maximum of 4 beneficial owners and 1 individual with control over every application. (maximum of 5 total)
  • The combined ownership percentage between beneficial owners cannot exceed 100%. (but the sum doesn't have to equal 100% - the sum must be less or equal to 100%)
  • SSN or passport number and DOB are required for every beneficial owner/IWC unless the business is one of the following entity types: Government (GV), Financial Institution (FI), or Corporation - Publicly Traded (CPUB).
    • For US citizens - SSN and DOB are required (except for the above-mentioned exceptions)
    • For Non-US citizens - Passport number, country of issuance, and DOB are required. (except for the above-mentioned exceptions)
  • At least one beneficial owner or IWC must have the SignatureInd set to Y on every application. (SignatureInd indicates that the owner will be signing the application on one of the two "Principal" lines.)
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Property
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Description
title
required
The title that a given owner/officer has within the merchant's business. See more here​
first_name
required
First name of owner/officer. Limited to 11 characters
middle_name
optional
The middle name of owner/officer. Limited to 11 characters
last_name
required
Last name of owner/officer. Limited to 11 characters
ownership
required
The percent ownership that owner/officer has in the business.
address_same_as_legal
optional
Is Home address is same as legal business address? true/false
address_street
required
Street Address
address_unit
optional
Unit number (if applicable) of an owner/officer's address.
address_city
required
City of the given address
address_state
required
State for an owner/officer's address.
address_zip
required
ZIP code for an owner/officer's address.
email
required
Email address of the owner/officer(s) on the application
phone_no
required
Phone number of the owner/officer(s) on the application
birth_month
required
Date of birth of owner/officer
birth_day
required
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birth_year
required
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ssn
required
Social security number (SSN) of a given owner/officer.
country_of_citizenship
required
What is owner/officer's country of citizenship?
signing_app
required
This field is used to indicate which owner/officers will be signing the application on the "Principal" lines true/false
personal_guarantor
required
Used to determine who will be signing the application as a guarantor. true/false
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