> For the complete documentation index, see [llms.txt](https://docs.velafi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.velafi.com/api-reference/merchant/activate-merchant-account-for-business.md).
# Activate Merchant Account (For Business)
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 Business)**
**For MXN Account 01 (Mexico)**
Supported payment methods: SPEI (Finco Pay)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "MXN", // (required, string: name of the fiat currency [MXN])
"trench": "CLABE - FINCO PAY" //(required, string: trench [CLABE - FINCO PAY])
}
```
**or MXN Account 02 (Mexico)**
Supported payment methods: SPEI (Tesored)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "MXN", // (required, string: name of the fiat currency [MXN])
"trench": "CLABE - TESORED" //(required, string: trench [CLABE - TESORED])
}
```
**For ARS Account 01 (Argentina)**
Supported payment methods: CBU/CVU (Momentum)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "ARS", // (required, string: name of the fiat currency [ARS])
"trench": "CVU - Momentum" //(required, string: trench [CVU - Momentum])
}
```
**For ARS Account 02 (Argentina)**
Supported payment methods: 3.0 Transfer (QR)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "ARS", // (required, string: name of the fiat currency [ARS])
"trench": "QR Argentina", //(required, string: trench [QR Argentina])
"fieldList":{
"cuit": "123456789" //(optional,string: Additional arbitrary metabata to attach to the transaction.)
}
}
```
**For COP Account (Colombia)**
Supported payment methods: PSE, ACH, Bre-B
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "COP", // (required, string: name of the fiat currency [COP])
"trench": "COP Account" //(required, string: trench [COP Account])
}
```
**For BRL Account 01 (Brazil)**
Supported payment methods: Pix (Genial)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "BRL", // (required, string: name of the fiat currency [BRL])
"trench": "BANCO GENIAL" //(required, string: trench [BANCO GENIAL])
}
```
**For BRL Account 02 (Brazil)**
Supported payment methods: Pix - Woovi
Contact the business department to activate this channel offline.
**For PEN Account (Peru)**
Supported payment methods: Bank Transfer
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "PEN", // (required, string: name of the fiat currency [PEN])
"trench": "PEN Account" //(required, string: trench [PEN Account])
}
```
**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
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "EUR", // (required, string: name of the fiat currency [USD/EUR])
"trench": "Lead 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
"email": "rturo@gmail.com", // (optional, string: Email, if the merchant information is not provided, it must be filled in)
"companyName": "CAPITAL SA COCOS", // (required, string: Company Name)
}
}
```
**For USD/CNY/HKD/EUR/SGD/NGN/PHP** **Account 03**
Supported payment methods: Wire (CPN), CIPS (CPN), FPS (CPN), CHATS (CPN), SEPA(CPN), BANK-TRANSFER(CPN), PESONET(CPN), FEDWIRE(CPN)
```json
{
"merchantId": "15126673", // (required, number: id of the merchant)
"fiat": "USD", // (required, string: name of the fiat currency [PEN])
"trench": "Circle Payment Network", //(required, string: trench)
}
```
#### **Example Responses**
**Example Response (MXN/ARS/COP/BRL/PEN)**
```json
{
"code": 200,
"msg": "SUCCESS",
"data": {
"fiat": "USD",
"status": 0,
"verifyLink": "https://verify-sandbox.aiprise.com/?business_onboarding_session_id=xxx",
"failReason": ""
}
}
```
**Example Response (USD / EUR)**
```json
{
"code": 200,
"msg": "SUCCESS",
"data": {
"fiat": "USD",
"status": 4,
"verifyLink": "https://www.vealfi-test.com/business/channel/verify?token=12ceff08f9621808b5a573972cdfb10f",
"failReason": ""
}
}
```
#### 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.
---
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