Onboarding Statuses

From initial registration, and up until the point in which a vendor is fully approved, UNIPaaS will set and communicate (via the onboarding/update webhook) a set of statuses that reflect the vendor’s permissions to accept payments, withdraw funds, and the stage in which the vendor’s onboarding is currently on.

The set of statuses is relevant for all types of vendors and are per the following:

Indication	What it represents
Onboarding status	Represents the vendor's state and progress in the onboarding process using a set of statuses explained in the table below. The onboarding status also helps your platform communicate to the vendors if any additional information is required from them during the onboarding process.
Pay in status	Indicates if a vendor can accept payments
Pay out status	Indicates if a vendor can payout his payable balance

Onboarding statuses breakdown

Status name	Value	Can accept payments	Can pay out	Description and actions
Pending	PENDING	No	No	The vendor was created but has not started the onboarding process yet
Started	STARTED	No	No	Vendor has started the onboarding process, but has not finished any of the steps
Accept Payments	ACCEPT_PAYMENTS	Yes, with limitations	No	Vendor has completed the first onboarding step and signed the Merchant Service Agreement.
Restricted	RESTRICTED	Yes, with limitations	No	Vendor has completed the full onboarding flow, but has not accepted any payments. Vendor will not be reviewed by UNIPaaS until the first payment is accepted
In Review	IN_REVIEW	Yes in most cases, with limitations	No	The vendor has both completed the onboarding flow and accepted at least one payment. The vendor is being reviewed by UNIPaaS, no action needs to be taken by the vendor.
Action Required	ACTION_REQUIRED	Yes in most cases, with limitations	No	This vendor needs to provide additional/revised information. Once a vendor receives an Action Required status, the best practice is to load the UNIPaaS onboarding UI for the vendor, it will automatically show the relevant fields. To help you understand what caused the action required status, there is an 'Action' field attached to it, as per the following: `Additional_information` - Additional information / revision was requested by the UNIPaaS compliance team. `Payments_limit_reached` - The vendor has reached the maximum amount of payments he can accept before being fully approved. Vendor must complete the onboarding flow to trigger a review. `Activation_deadline_reached` - Vendor has accepted a payment, but did not complete the onboarding for over 30 days. Vendor must complete the onboarding flow to trigger a review.
Completed	COMPLETED	Yes	Yes	The vendor has successfully completed the onboarding process
Rejected	REJECTED	No	No	The vendor was rejected

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Vendor review
Your vendors will be reviewed by UNIPaaS only after they receive their first payment

Typical onboarding status flow

Please note that vendors can potentially receive the 'Action Required' status in any step of the onboarding, in cases which they are required to submit additional information to complete their onboarding process.

Onboarding for registered companies

The business onboarding process can be completed in a single flow or broken down into steps that include up to 5 parts, during which information about both the business and stakeholders will be collected and verified by UNIPaaS.

During the onboarding process, a vendor will get limited permissions to accept payments, even if the onboarding process is not completed yet or the vendor is still in review. The points in which a vendor will gain any limited permissions are explained by the checkpoints below.

The following is some of the mandatory information that is needed to complete the company onboarding process. Please note that the amount and type of collected information may vary according to each company's risk rating and other factors.

Part 1 - Business information

Company legal name
Company registration number
Corporate and operational address
Company email address
Phone number
MCC category

Part 2 - Information about the business stakeholders and UBOs

Full name
Date of birth
Address
Nationality
Role or title
% ownership of the business
Passport / driver's license copy
Accept the Merchant service agreement

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Accepting payments checkpoint
Once all information in steps 1 & 2 is provided and verified, the vendor will be able to accept payments within a limited total amount.

Part 3 - Company bank account information

Bank account holder name
Account number
Sort code

Part 4 - Documents

Company incorporation document
Bank statement / voided cheque
proof of operation address

Onboarding for individuals and sole traders

The onboarding process for individuals includes 2 - 4 steps, depending on the risk rating of each specific vendor. The vendor's onboarding flow can be shortened if the platform provides some (or all) of the needed information before the vendors starts onboarding.

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Pre-populated fields
You can pre-populate any of the following onboarding fields, every field you pre-populate is one less field for your vendor to fill.

Part 1 - Personal information

Successfully completing this part will allow vendors to accept payments up to a limited amount.
The following information is collected:

First name
Last name
Date of birth
Email address
Phone number
Address
Profile URL (Pre-populated by the platform)
Offered goods or services (Pre-populated by the platform)
Service description (Pre-populated by the platform)
Accept the Merchant service agreement

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Accepting payments checkpoint
Once all information in part 1 is provided and verified, the vendor will be able to accept payments within a limited total amount.

Part 2 - Bank account information

Successfully completing this part will allow vendors to pay out the funds they have in their account.

UNIPaaS offers two methods for bank account verification:

Direct connection via open banking, using Plaid.
By collecting the following information manually:

Bank account holder name
Bank account number
Sort code

After the first step is finished, the onboarding status will be updated to 'Restricted' or 'In Review' if a vendor as already accepted at least one payment.

Additional information
Additional action may be required to complete the onboarding at any step. The information requested may vary according to the documents needed for each vendor, these include, but not limited to:

Bank statement
Passport
Utility bill
Re-entering some of the previously filled fields for confirmation

Successfully completing this step, and accepting at least one payment, will allow UNIPaaS to conduct additional verification on this vendor and provide a final status.

Note: A vendor can be rejected at any stage, if verification fails.

Onboarding Statuses