# Activate Merchant Account (For Individual) 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: 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]) "fieldList": { // List of channel fields "alias": "rturo_alias", // (required, string: alias) } } ``` **For 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]) "fieldList": { // List of channel fields "alias": "rturo_alias", // (required, string: alias) } } ``` **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]) "fieldList": { // List of channel fields "email": "rturo@gmail.com", // (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) } } ``` **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]) "fieldList": { // List of channel fields "alias": "soc.te" // (required, string: Alias) } } ``` **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 (a55) ```json { "merchantId": "15126673", // (required, number: id of the merchant) "fiat": "BRL", // (required, string: name of the fiat currency [BRL]) "trench": "a55", //(required, string: trench [a55]) "fieldList":{ "payerDocOrTaxId":"123.456.789-09", //(required,string: The payer's tax identification number must meet the CNPJ or CPF format requirements.) "payerName":"Tom", //(required, string: Name of the payer) "toPayerMessage":"", //(optional,string: Message or instruction presented to the payer.) "extraDescription":"", //(optional,string: Additional arbitrary metabata to attach to the transaction.) } } ``` **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]) "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": "tom@gmai.com", // (required, string: email) "customerPhone": "975728895" // (required, string: phone number) } } ``` **For EUR/USD Account 01** Once activated, the EUR account supports both EUR and USD transactions. Supported payment methods: ACH (Reference - Lead Bank), ACH (Virtual - Lead Bank), Wire (Reference - Lead Bank), Wire (Virtual - Lead Bank), SEPA (Bridge) ```json { "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]) "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) "firstName": "CAPITAL SA", // (required, string: First Name) "lastName": "COCOS" // (required, string: Last Name) } } ``` **For USD Account 02** Supported payment methods: Wire (Virtual - CRB), ACH (Virtual - CRB) ```json { "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": "tom@example.com", // 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 ``` **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) "fieldList": { // List of channel fields "accountName": "Tom", // (required, string: account number) "nationality": "HK", // (required, string: nationality) "idNumber": "123456", // (required, string: identification number) "countryStateCode": "HK-HK", // (optional, string: country and province code of the address location) "city": "Hong Kong", // (required, string: city) "street": "street 789", // (required, string: street) "postalCode": "123456", // (required, string: postal code) "dateOfBirth": "1990-01-01", // (required, string: date of birth) "phoneNumber": "123456" // (required, string: phone number) } } ``` **Example Responses** **Example Response (MXN/ARS/COP/BRL/PEN)** ```json { "code": 200, "msg": "SUCCESS", "data": { "fiat": "MXN", "status": 1, "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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.velafi.com/api-reference/merchant/activate-merchant-account-for-individual.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.