Guides

Owners and Beneficial Owners

Owners

The ownership stake of all owners must equal 51% or more. Another name for these owners is Principal owners or Signing owners

ParameterDescription
FirstName
Required		Owner’s First Name
Format: String, Length 1-25
  • Example_:John
LastName
Required		Owner’s Last name
Format: String, Length 1-25
  • Example_:Smith
Title
Required		Owner’s Title
Format: String, Allowable Values: CEO, CFO, Director, Owner, Partner, President, Secretary, Treasurer, Vice President
  • Example_:Partner
OwnershipPct
Required		Percentage of ownership this owner has of the business
Format: Numeric (must be a whole number), Length Min: 1, Max: 100
  • Example_:57
Address
Required		Address that will be listed for the owner. It should include Address Line 1 and Line 2
Format: String, Length 1-32
  • Example_:1200 North Street
Country
Required for Payfac		Owner's country. Required only for Payfac.
Format: String, 2-Character Alpha Country Code
  • Example_:US
City
Required		Owner’s address city
Format: String, Length 1-13
  • Example_:Pleasanton
State
Required		Owner’s address state.
Format: String, Length 2
  • Example_:CT
ZipCode
Required		Owner’s address zip code.
Format: String, Length 5-9
  • Example_:06830
PhoneNo
Required		Owner’s phone number
Format: Numeric 9-14
  • Example_:6546456984
BirthDate
Required		Owner’s date of birth
Format: Date (YYYY-MM-DD)
  • Example_:1987-05-23
SSN
Required		Owner’s SSN (social security number)
Format: Numeric, Length: 9
  • Example_:456456789
DriverLicenseNo
Required		Owner’s drivers license number
Format: String, Length 0-30
  • Example_:123545894456456
DriverLicenseSTate
Required		Owner’s drivers license state
Format: String, Length 2
  • Example_:CT
Email
Required		Owner’s email. This is where the application PDF will go to for the owner to sign.
Format: String, Length 5-75

Beneficial Owners

Beneficial Owners are non-signing owners with a stake of 25% or more

ParameterDescription
FirstName
Required		Owner’s First Name
Format: String, Length 1-25
  • Example_:John
LastName
Required		Owner’s Last name
Format: String, Length 1-25
  • Example_:Smith
Title
Required		Owner’s Title
Format: String, Allowable Values: CEO, CFO, Director, Owner, Partner, President, Secretary, Treasurer, Vice President
  • Example_:Owner
OwnershipPct
Required		Percentage of ownership this owner has of the business
Format: Numeric (must be a whole number), Length Min: 1, Max: 100
  • Example_:Example 50
Address
Required		Address that will be listed for the owner. It should include Address Line 1 and Line 2
Format: String, Length 1-32
  • Example_:411 West Putnam Ave
Country
Required		Owner's country.
Format: String, 2-Character Alpha Country Code
  • Example_:US
City
Required		Owner’s address city
Format: String, Length 1-13
  • Example_:Greenwich
State
Required		Owner’s address state.
Format: String, Length 2
  • Example_:CT
ZipCode
Required		Owner’s address zip code.
Format: String, Length 5-9
  • Example_:68301
PhoneNo
Required		Owner’s phone number
Format: Numeric 9-14
  • Example_:6546456984
BirthDate
Required		Owner’s date of birth
Format: Date (YYYY-MM-DD)
  • Example_:1984-12-01
SSN
Required		Owner’s SSN (social security number)
Format: Numeric, Length: 9
  • Example_:456456789
DriverLicenseNo
Required		Owner’s drivers license number
Format: String, Length 0-30
  • Example_:123545894456456
DriverLicenseState
Required		Owner’s drivers license state
Format: String, Length 2
  • Example_:CT
Email
Required		Owner’s email. This is where the application PDF will go to for the owner to sign.
Format: String, Length 5-75

Updated 12 months ago