Create a Merchant Account

A Merchant Account is the entity that processes payments on the WickiePay platform. Each merchant goes through a KYB (Know Your Business) verification before activation.

Onboarding Process

Application  -->  KYB Verification  -->  Compliance Review  -->  Account Active
                  (via SumSub)           (WickiePay Team)

Step 1: Submit Application

Provide your business details:

• Legal entity name and registration number
• Country of incorporation
• Business description and website
• Expected transaction volumes
• Ultimate Beneficial Owners (UBOs)

Step 2: KYB Verification

WickiePay uses SumSub for automated KYB verification:

• Company document verification
• UBO identification and verification
• Sanctions and PEP screening
• Business activity validation

Step 3: Compliance Review

The WickiePay compliance team reviews:

• Risk classification (based on business type, geography, volumes)
• Regulatory requirements for your jurisdiction
• AML/CTF policy alignment

Step 4: Account Activation

Once approved:

• Your Merchant Account is created with a unique merchantId
• You receive portal access and API credentials
• Sandbox and production environments are provisioned

Merchant Configuration

Via Portal

Navigate to Merchant Settings to configure:

Setting	Description
Display Name	Shown to customers on the payment page
Settlement Currency	Default currency for settlement (e.g., EUR, USDC)
Callback URL	Default webhook endpoint for payment events
Return URL	Where customers are redirected after payment
Logo	Displayed on the Hosted Payment Page

Via API

GET /api/v1/merchant/{merchantId}

Risk Classification

Each merchant is assigned a risk category based on:

Factor	Low Risk	High Risk
Business type	Regulated financial services	Gambling, high-value goods
Geography	EU/EEA, Switzerland	High-risk jurisdictions
Volume	< 100K EUR/month	> 1M EUR/month
Customer base	Known, verified customers	Anonymous, global

Higher risk categories require enhanced due diligence and ongoing monitoring.

Next Steps

• Accept Your First Payment through WickiePay
• Configure Webhooks to receive real-time notifications