Overview

A Marketplace can onboard a shop into a new “onboarding company account” in the Nuvei KYC system, as described below.

If the onboard process is approved, then we will create a Nuvei Seller account for that shop in the Nuvei system, and link it to your “parent” Nuvei Seller account (the account representing your Marketplace).

The onboarding process creates an “onboarding company account” in the Nuvei KYC system, which allows the Nuvei Underwriting team to screen the seller.

There are two ways to import shop’s company details:

• Nuvei Hosted Shop Onboarding
• Marketplace Shop Onboarding

Prerequisites

• You must have provided your Nuvei Integration Specialist with a URL location on your server where Nuvei can send the Shop Approval Notification.
• The Shop should already be signed up to your Marketplace and have a shop_id in your system.

Nuvei Hosted Shop Onboarding

This onboarding option allows you to import a minimal set of shop’s company details into our Nuvei KYC system.
We then send a link to the person at the shop responsible for onboarding their company details, asking them to fill in the relevant company details.
If the shop passes our company risk assessment and screening, then the shop is approved.

Perform these steps to onboard a shop:

1. If the shop does not have an account on your system (you as the Marketplace), then create one. You will need the name and identifier for the shop for your system.
2. Follow the steps in the Nuvei Hosted Shop Onboarding topic to import a minimal set of shop’s company details into our Nuvei KYC system.
   Nuvei uses all the information provided (for example: ShopID, Alias, shop representative e-mail, documents etc.) to create an “onboarding company account” in the Nuvei KYC system with a company_id for that shop.
   The rest of the shop information needs to be provided by the shop representative via the Nuvei KYC platform.
3. The Nuvei KYC platform sends an Account Confirmation email to the person at the shop responsible for onboarding their company details. The email requests them to fill in the relevant company details and provides them with a link and login details.
4. The shop representative fills in any missing company related data and upload KYC/UBO specific documentation.
5. The shop representative signs the online Seller agreement for Payment processing.
6. At this point the Nuvei Underwriting team reviews the company based on the information and documents provided.
7. If the shop is approved, then the Nuvei system returns a Shop Approval Notification to the URL provided by you, containing the new merchant_site details. These details include the seller_id associated with the processing sellerId. The sellerId is used to handle the payment splits between the relevant marketplace sellers as described here.
8. In response to the notification, the Marketplace needs to send a HTTP return code 204 (No content).

Marketplace Shop Onboarding

This onboarding option allows you to perform your own (shop) company risk assessment and screening. To do this, the Nuvei Underwriting team first needs to approve your assessment process for compliance.
From then on, you can follow a quicker onboarding process where you collect and import the full set of the shop’s company details and documents into our Nuvei KYC system.
On the understanding that the shop has passed your company risk assessment and screening, we will approve the shop.

Perform these steps to onboard a shop:

1. If the shop does not have an account on your system (you as the Marketplace), then create one. You will need the name and identifier for the shop for your system.
2. Follow the steps in the Marketplace Shop Onboarding topic to import the full set of the shop’s company details into our Nuvei KYC system.
3. Nuvei uses all the information provided to create an “onboarding company account” in the Nuvei KYC system with a company_id for that shop.
4. The shop representative signs the online Seller agreement for Payment processing.
5. On the understanding that the shop has passed your company risk assessment and screening, we will approve the shop.
6. The Nuvei system returns a Shop Approval Notification to the URL provided by you, containing the new merchant_site details. These details include the seller_id associated with the processing sellerId. The sellerId is used to handle the payment splits between the relevant marketplace sellers as described here.
7. In response to the notification, the Marketplace needs to send a HTTP return code 204 (No content).