> 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/velafi-1/guides/activate-merchant-account.md). # Activate Merchant Account This endpoint is used to activate a merchant's fiat currency payment account. Supported currencies include MXN, ARS, 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 personal account types are supported, enabling broad use across various payment scenarios. * Note: Once a EUR account is activated, it enables the merchant to operate with both EUR and USD currencies simultaneously. #### Endpoint Information * **Request Header**: `X-BH-TOKEN: ******` * **Request Header**: `Content-Type: application/json` * **Request Method**: `POST` * **Request Path**: `/v2/merchant/accounts` * **Authorization Required**: Yes #### Request Parameters The request body should include the following fields: **For MXN Account (Mexico)** ```json { "merchantId": "15126673", // (required, number: id of the merchant) "fiat": "MXN", // (required, string: name of the fiat currency [MXN/USD/EUR]) "fieldList": { // List of channel fields "email": "rturo@gmail.com", // (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) "companyName": "Rrturo Tellez", // (string: Company Name, required if merchantType is COMPANY) "aliasName": "Rrturo", // (string: Alias Name, required if merchantType is COMPANY) "companyType": "SC", // (string: Company Type, required if merchantType is COMPANY) "incorporationDate": "2019-02-01", // (string: Incorporation Date (yyyy-MM-dd), required if merchantType is COMPANY) "birthday": "1988-07-02", // (string: Birthday (yyyy-MM-dd), required if merchantType is PERSONAL) "name": "Tellez", // (string: Name, required if merchantType is PERSONAL) "fatherSurname": "Rrturo", // (string: Father's Surname, required if merchantType is PERSONAL) "motherSurname": "" // (string: Mother's Surname, required if merchantType is PERSONAL) } } ``` **For ARS Account (Argentina)** ```json { "merchantId": "15126673", // (required, number: id of the merchant) "fiat": "ARS", // (required, string: name of the fiat currency [MXN/USD/EUR]) "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 EUR/USD Account** After the EUR currency account is activated, it can be used for both EUR and USD transactions. ```json { "merchantId": "15126673", // (required, number: id of the merchant) "fiat": "EUR", // (required, string: name of the fiat currency [MXN/USD/EUR]) "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", // (string: Company Name, required if merchantType is COMPANY) "firstName": "CAPITAL SA", // (string: First Name, required if merchantType is PERSONAL) "lastName": "COCOS" // (string: Last Name, required if merchantType is PERSONAL) } } ``` #### Response Structure The response will include the following fields: ```json { "code": 200, "msg": "SUCCESS", "data": { "fiat": "MXN", // (string: name of the fiat currency [MXN/USD/EUR]) "status": 1, // (enum: status of the channel [1: authenticating, 2: normal, 3: authentication failed, 4: incomplete]) "failReason": "", //（string: cause of failure) "verifyLink": "" // (string: Verified link, only through the IBAN channel is it possible) } } ``` #### Example Requests **Example Request (MXN)** ```json { "fiat": "MXN", "merchantId": 15126673, "fieldList": { "email": "rturo@gmail.com", "idNoType": "CURP", "idNo": "MACM000502IR6", "cardIssueDate": "2019-06-01", "cardExpireDate": "2029-06-01", "address": "Celle Lagu Wenner 50", "city": "Ciudad de Mexico", "state": "CMX", "zipCode": "09060", "phone": "35580481683", "companyName": "Rrturo Tellez", "aliasName": "Rrturo", "companyType": "SC", "incorporationDate": "2019-02-01", "birthday": "1988-07-02", "name": "Tellez", "fatherSurname": "Rrturo", "motherSurname": "" } } ``` **Example Request (ARS)** ```json { "fiat": "ARS", "merchantId": 15126673, "fieldList": { "email": "rturo@gmail.com", "cuit": "30708424478", "name": "COCOS CAPITAL SA", "alias": "soc.te" } } ``` **Example Request (EUR/USD)** ```json { "fiat": "EUR", "merchantId": "15126673", "fieldList": { "email": "rturo@gmail.com", "companyName": "CAPITAL SA COCOS" } } ``` #### Example Responses **Example Response (MXN)** ```json { "code": 200, "msg": "SUCCESS", "data": { "fiat": "MXN", "status": 1, "failReason": "" } } ``` **Example Response (ARS)** ```json { "code": 200, "msg": "SUCCESS", "data": { "fiat": "ARS", "status": 1, "failReason": "" } } ``` **Example Response (EUR/USD)** ```json { "code": 200, "msg": "SUCCESS", "data": { "fiat": "EUR", "status": 4, "verifyLink": "https://www.VelaFi-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 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