API - Nov 8, 2022 - Bean
New User LegalPersonType: Partnership
Verifying some specific legal structures is now more efficient thanks to a new legal entity type: PARTNERSHIP.
The Legal User LegalPersonType
parameter now includes the “PARTNERSHIP” value. The following endpoints have been updated accordingly:
-Create a Legal User (Payer)
-Create a Legal User (Owner)
-Update a Legal User
-View a Legal User
Please note that changing the LegalPersonType to “PARTNERSHIP” for an existing user will automatically result in:
-A KYC downgrade to Light (default) verification
-The REGISTRATION_PROOF
document being flagged as OUT_OF_DATE
With this new LegalPersonType
, Mangopay teams can better handle specific legal structures and speed up the validation process.
Note
The structures concerned by the PARTNERSHIP type usually involve a partnership of distinct sole proprietors and don’t always have some of the elements required for the BUSINESS type, such as a company number.
Examples of these structures include theGesellschaft bürgerlichen Rechts (GbR) in Germany and theVennootschap onder firma (VOF) in the Netherlands.
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