This endpoint is used to activate a merchant's fiat currency payment account. Supported currencies include MXN, ARS, COP, BRL,PEN,USD, and EUR. Once activated, merchants can send and receive funds through local banking channels with increased flexibility and efficiency.
Each merchant will receive dedicated account details (e.g., ARS accounts include CVU number / CUIT for Argentina).
Merchants can deposit funds via wire transfer; VelaFi will automatically reconcile the transaction and credit the merchant’s account balance.
Both business and individual account types are supported, enabling broad use across various payment scenarios.
Endpoint Information
Request Header: X-BH-TOKEN: ******
Request Header: Content-Type: application/json
Request Method: POST
Request Path: /v2/merchant/accounts
Authorization Required: Yes
Example Requests (For Individual)
For MXN Account 01 (Mexico)
Supported payment methods: Automated SPEI - Arcus
{"merchantId":"15126673",// (required, number: id of the merchant)"fiat":"MXN",// (required, string: name of the fiat currency [MXN]) "trench":"ARCUS FI",//(required, string: trench [ARCUS FI]) "fieldList":{// List of channel fields"email":"[email protected]",// (optional, string: Email, if the merchant information is not provided, it must be filled in)"idNoType":"CURP",//(required, enum: type of identification document [CURP/RFC])"idNo":"MACM000502IR6",//(required, string: identity number)"cardIssueDate":"2019-06-01",// (required, string: Card Issue Date (yyyy-MM-dd))"cardExpireDate":"2029-06-01",// (required, string: Card Expiry Date (yyyy-MM-dd))"address":"Celle Lagu Wenner 50",// (required, string: Address)"city":"Ciudad de Mexico",// (required, string: City)"state":"CMX",// (required, string: State)"zipCode":"09060",// (required, string: Zip Code)"phone":"35580481683",// (required, string: Phone) "birthday":"1988-07-02",// (string: Birthday (yyyy-MM-dd), required if merchantType is INDIVIDUAL)"name":"Tellez",// (string: Name, required if merchantType is INDIVIDUAL)"fatherSurname":"Rrturo",// (string: Father's Surname, required if merchantType is INDIVIDUAL)"motherSurname":""// (string: Mother's Surname, required if merchantType is INDIVIDUAL)}}
For MXN Account 02 (Mexico)
Supported payment methods: SPEI - FINCO PAY
For ARS Account (Argentina)
Supported payment methods: Automated Bank Transfer (Argentina)
For COP Account (Colombia)
Supported payment methods: PSE, ACH, Bre-B
For BRL Account (Brazil)
Supported payment methods: Automated Pix
For PEN Account (Peru)
Supported payment methods: Automated Bank Transfer(Peru)
For EUR/USD Account 01
Once activated, the EUR account supports both EUR and USD transactions. Supported payment methods: ACH_push, ACH_Virtual Account, WIRE, WIRE_Virtual Account, SEPA
For USD Account 02
Supported payment methods: ACH Account_Cross River Bank, WIRE Account_Cross River Bank, Wire - Standard Charted Bank, SWIFT Account_Cross River Bank
Example Responses
Example Response (MXN/ARS/COP/BRL/PEN)
Example Response (USD / EUR)
Notes
Ensure that all fields in the request body are filled out correctly to facilitate the activation process.
Merchants may need to provide additional documentation based on the type of account being activated.
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "MXN", // (required, string: name of the fiat currency [MXN])
"trench": "FINCO PAY", //(required, string: trench [FINCO PAY])
"fieldList": { // List of channel fields
"alias": "rturo_alias", // (required, string: alias)
}
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "ARS", // (required, string: name of the fiat currency [ARS])
"fieldList": { // List of channel fields
"email": "[email protected]", // (optional, string: Email, if the merchant information is not provided, it must be filled in)
"cuit": "30708424478", // (required, string: CUIT)
"name": "COCOS CAPITAL SA", // (required, string: Full Name)
"alias": "soc.te" // (optional, string: Alias)
}
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "COP", // (required, string: name of the fiat currency [COP])
"fieldList": { // List of channel fields
"alias": "soc.te" // (required, string: Alias)
}
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "BRL", // (required, string: name of the fiat currency [BRL])
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "PEN", // (required, string: name of the fiat currency [PEN])
"fieldList": { // List of channel fields
"customerIdentificationType": "00", // (required, string: identification type[00:CC (8 digits), 01:CE (>9 digits), 02:Tax ID (11 digits), 03:PAS (>9 digits), 04:PAR, 05:LMI])
"customerIdentification": "12345678", // (required, string: identification number)
"customerName": "Tom", // (required, string: name)
"lastName": "", // (optional, string: surname, The merchant type must be selected as "Individual" for this field.)
"customerEmail": "[email protected]", // (required, string: email)
"customerPhone": "975728895" // (required, string: phone number)
}
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "EUR", // (required, string: name of the fiat currency [USD/EUR])
"trench": "Account_Lead Bank", //(required, string: trench [Account_Lead Bank/Wire - Standard Charted Bank])
"fieldList": { // List of channel fields
"email": "[email protected]", // (optional, string: Email, if the merchant information is not provided, it must be filled in)
"firstName": "CAPITAL SA", // (required, string: First Name)
"lastName": "COCOS" // (required, string: Last Name)
}
}
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "USD", // (required, string: name of the fiat currency [USD])
"trench": "Wire - Standard Charted Bank", //(required, string: trench [Account_Lead Bank/Wire - Standard Charted Bank])
"callbackUri": "https://localhost/home", //(string: callback address after accepting the agreement)
"fieldList": { // List of channel fields
"personalInfo": { // Personal information (required when when Merchant Type INDIVIDUAL)
"firstName": "tom", // First name (pinyin or English)(required)
"lastName": "fr", // Last name (pinyin or English)(required)
"phone": "+12570000000", // Personal phone number (with country code)(required)
"email": "[email protected]", // Personal email (required)
"taxIdentificationNumber": "31010119800000000", // Personal tax ID/ID card number (required)
"nationality": "US", // Nationality code (China)(required)
"dateOfBirth": "1980-10-10", // Date of birth (YYYY-MM-DD)(required), age must be between 18 and 120 years.
"street1": "example street1", // Street address (required)
"street2": "", // Street address 2
"city": "New City", // City (required)
"state": "AZ", // Province/State code (required)
"postcode": "901203", // Postal code (required)
"countryAbbr": "US", // Country code (required)
"idType": "1", // ID type [1:ID card, 2:Driver's license, 3:Passport/Residence permit](required)
"idNumber": "31010119800000000", // ID number (required)
"govIdCountryAbbr": "US", // ID issuing country (required)
"govIdFrontUrl": "user-654321/id-front.jpg", // ID front side (required), size between 10KB - 3MB, Upload File endpoint: /v2/base/file/upload
"govIdBackUrl": "user-654321/id-back.jpg" // ID back side (required), size between 10KB - 3MB, Upload File endpoint: /v2/base/file/upload
},
"personalQuestionnaireInfo": { // Personal questionnaire information (required when merchantType=1)
"actingAsIntermediary": false, // Acting as intermediary (false=No)(required)
"employmentStatus": "employed", // Employment status (required)[employed/homemaker/retired/self_employed/student/unemployed]
"expectedMonthlyPayments": "5000_9999", // Expected monthly transaction volume (USD)(required)[0_4999/5000_9999/10000_49999/50000_plus]
"purposeOfAccount": "charitable_donations", // Account purpose (required)[charitable_donations/ecommerce_retail_payments/investment_purposes/operating_a_company/other/payments_to_friends_or_family_abroad/personal_or_living_expenses/protect_wealth/purchase_goods_and_services/receive_payment_for_freelancing/receive_salary]
"occupation": "132011", // Occupation (required), see list below: occupation codes
"sourceOfFunds": "salary" // Source of funds (required)[company_funds/ecommerce_reseller/gambling_proceeds/gifts/government_benefits/inheritance/investments_loans/pension_retirement/salary/sale_of_assets_real_estate/savings/someone_elses_funds]
}
}
}
occupation codes:
132011:Accountant and auditor
272011:Actor
152011:Actuary
172021:Agricultural engineer
132031:Budget analyst
412010:Cashier
172041:Chemical engineer
499091:Coin, vending, and amusement machine servicer and repairer
271021:Commercial and industrial designer
273041:Editor
472111:Electrician
434071:File clerk
131111:Management analyst
119199:Manager, other
191040:Medical scientist
195010:Occupational health and safety specialist and technician
27102X:Other designer
2912XX:Other physician
5191XX:Other production worker
519151:Photographic process worker and processing machine operator
211029:Social worker, other
132081:Tax examiner and collector, and revenue agent
151254:Web developer
515111:Prepress technician and worker
273042:Technical writer
172199:Engineer, other
433099:Financial clerk, other
1320XX:Other financial specialist
