Onboarding a Payout User

A payout user (also sometimes referred to as a "seller" or a "merchant") in Zai is a user that will be receiving funds. There are a different set of requirements for a user that acts as a payout user, versus a user that acts as a payin user. For any payout user to accept funds, they must undergo user verification and be underwritten as a merchant. As a platform, you must pass through enough information for Zai to use for these verification purposes, so that funds can be disbursed to them. For more information on the verification process, please see our user verification workflow.

How it works

Required Information

There are different data requirements for payout users who are located in different countries, as well as if they are a person or a company. A payout user must pass user verification from Zai to receive money.

There are different thresholds and rules for these checks that are carried out as a payout user's total disbursement volume increases. To perform these checks, a set of information is required of users, dependent on the location and entity type of the user.

There's a minimum set of information that's required to create a payout user. Passing on as much information as possible will help create a strong user profile on your platform, and also help Zai sign your sellers up quickly, with as little intervention as needed.

API requirements

The following is the required information, at minimum, for you to create a payout user. You can update the seller information at another time, in case you don’t have the complete information at hand.

Information required for companies:
If your user is a company, the User information provided should be the primary contact for that company.

Required user information	Required bank information	Required company information
email	user_id	name
first_name	bank_name	legal_name
last_name	account_name	tax_number
addressline_1	routing_number	address_line1
city	account_number	city
state	account_type	state
zip (postcode)	holder_type	zip
country	country	phone
dob		country

Information required for individuals:
The following is the required information for your pay-out users to receive payments.

Required user information	Required bank information	Required company information
email	bank_name
first_name	account_name
last_name	routing_number
addressline_1	account_number
city	account_type
state	holder_type
zip (postcode)	country
country
dob

* Refer to the information below for applicable information.

Walkthrough

Create a merchant

Use Create User to create your payout user within Zai. Pass the required information, along with any other additional information to create a strong user profile. Once the user has been created, the verification state should be pending. This means that not all required information has been provided yet.

Create a bank account

Use Create Bank Account to create your User’s Bank Account within Zai. Once the bank account has been added for your payout user, the user’s verification state should transition to pending_check, or approved, depending on the risk rules configured for your platform.

Set the disbursement account

Use Set User Disbursement Account to set up the merchant's payout account.

Payout users can receive funds using different payout options. Zai supports Domestic Bank Transfers, International Wire Transfers and Digital Wallets.

Disbursement accounts are an essential part of the merchant's profile, since, without them, the merchant cannot get paid. Thus, it's part of the user verification requirements.

Receive payments

Once the user has been approved and the disbursement account set, they can start receiving payments to their disbursement account destination.