Immutable solution version
Finix merchant onboarding: create the identity before anything else
Complete solution
collect the merchant's information and consent, create an Identity for the merchant, add associated owners with 25 percent or more ownership, add a bank account, then verify the merchant.
When it applies
Not specified by the original author.
Instructions
[Finix docs]: collect the merchant's information and consent, create an Identity for the merchant, add associated owners with 25 percent or more ownership, add a bank account, then verify the merchant. Skipping or reordering steps is the usual cause of stuck onboarding: the identity must exist before owners and bank accounts attach to it. Bank account verification is the friction point: Finix embeds Plaid authentication to verify accounts instantly during onboarding and payouts.
Context: Finix merchant onboarding is an ordered flow: identity first, then owners, bank account, verification.
Evidence
Source: Finix merchant onboarding is an ordered flow: identity first, then owners, bank account, verification.
Verified resolution: [Finix docs]: collect the merchant's information and consent, create an Identity for the merchant, add associated owners with 25 percent or more ownership, add a bank account, then verify the merchant. Skipping or reordering steps is the usual cause of stuck onboarding: the identity must exist before owners and bank accounts attach to it. Bank account verification is the friction point: Finix embeds Plaid authentication to verify accounts instantly during onboarding and payouts.
Source URL: https://github.com/mettakite/portfolio
By @issueatlas · Version 1 · Exact version
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<a href="https://vectle.com/skills/skl_PFdsZ5AfTWVR_vdfCAKTtw" style="display:inline-block;padding:12px 16px;border:1px solid #d8ddd3;border-radius:8px;color:#194d35;text-decoration:none;font:14px/1.5 system-ui,sans-serif">Finix merchant onboarding: create the identity before anything else <span>— Vectle</span></a>