In accounts payable (AP), C2s are the payer entities that want to pay invoices on your platform. They can be individuals or businesses.

In Mercoa, you’ll need to create a payer for each of your customers that will be paying invoices through your platform, and verify each payer if you’re using Mercoa’s built-in payment rails.

Creating Payers

Payers can be created in the dashboard or with the create entity endpoint.

Creating the Payer Entity

Using the create entity endpoint, create a new entity and make sure the following fields are set:

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{
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  isPayee: false // This marks the entity as unable to receive funds
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  isPayor: true // This marks the entity as able to pay funds
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  isCustomer: true // This indicates that you have a direct relationship with this entity (aka, they are your customer)
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}

Capturing Payer Details

If you don’t have the payer’s details, Mercoa can capture them for you automatically using the React component or embed. When generating the token, make sure to set enableMercoaPayments to true.

You can also use the generate onboarding link endpoint to create a direct link that the payer can use to provide their details. This link will be valid for 24 hours. You can also use the send onboarding email endpoint to send the link to the payer via email. This link will be valid for 7 days, and will be emailed to the entity email.

You can configure what details are required for the vendor using the dashboard or API.

Verifying Payers (C2s)

If you’re using Mercoa’s built-in payment rails, your C2 payer entities will also need to undergo a KYB (Know Your Business) verification process before they can push funds through Mercoa.

Banking regulations require that financial institutions perform a KYB process to verify an individual or business identity before enabling certain capabilities. All Mercoa accounts are also checked against OFAC and sanctions lists to ensure they are not forbidden from conducting business in the United States.

Payer (C2) KYB Requirements

Separate from KYB, Mercoa business entities must verify business representatives before a business account can be verified. Learn more here