Introduction

If your merchant start processing transactions we will clear your revenue (periodically) to the merchant bank account; we call these bank account a clearing account. A clearing account needs to be:

• An IBAN within the SEPA area
• Needs to be registered on your company of registred trademark/trade name of your company
• Needs to be a business bank account

Using our API's

During the initial setup of your merchant you can supply a clearing account. If you want to spilt revenue you can add multiple clearing accounts to the merchant. We have API's available to manage clearing accounts for your merchants. The API's can be found here.

The following recipe gives you a detailed overview how to create a clearing account for your merchant.

Note our boarding department is validating if the bank account meets the requirements as mentioned in the introduction.