Apply Wizard Payfac API: General Information
Purpose
This API is specifically designed for Payfac (Payment Facilitator) operations. It focuses on the merchant onboarding process within a Payfac model, where multiple sub-merchants are managed under a single master merchant account.
Functionality
Lead and Application Management
- Handles the creation, management, and submission of leads and merchant applications.
Document Handling
- Allows for adding and managing documents associated with merchant applications.
Pricing and Merchant Information
- Manages detailed merchant information, including pricing models, ownership details, and industry-specific data.
Signature and Submission
- Supports the final submission of applications for signature and approval.
Use Case
This API is used by payment facilitators who need to onboard multiple sub-merchants, manage their applications, and ensure compliance with payment processing requirements. It’s more complex and involves managing the relationships between a master merchant and its sub-merchants.