Accept payments product can be used for several use cases:
- Single payments – when you have multiple customers that are performing the commercial activity to collect funds to their IBAN accounts opened in your Platform.
- Recurring payments – when you have multiple customers that are performing commercial activity, to collect subscriptions to their IBAN accounts opened in your Platform.
- Top-up payments – when you have multiple physical or business customers that wish to add money to IBAN opened in your Platform to use funds inside a Platform. These transactions are strictly non-commercial.
For all of those cases, your customers should be already onboarded and have at least 1 IBAN account opened. For commercial transactions, each of your customers should have a brand created. The brand represents a single e-shop under 1 URL where commercial activity is performed (goods or services provided). It is created during the onboarding phase (you should provide merchant target countries and payment methods preferred in the onboarding application). Alternatively, it can be requested via online banking.
You can receive brand ID by calling Get BaaS Clients API after application is approved and IBAN is opened. For non-commercial transactions your customers don’t need to have a brand, in this case – it’s enough for a Platform to be onboarded as a merchant and using it’s configuration provide top-up option. Set up is done by our engineers in this case.