Onboarding Requirements

This page provides explanations on the underwriting requirements for all JustiFi sub-merchants, and the frequently asked questions surrounding those requirements.

For-Profits

Sole Proprietorship
Single Member LLC

BUSINESS INFO


Website URL


Business Type

Determines MCC Code


Business Name

As represented on tax records


Tax ID

Federal Tax Identification Number/EIN issued by the IRS


Approximate Annual Spend


Date of Incorporation

ONE REPRESENTATIVE


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN

________________

Photo ID Upload

Only collected (later) if submitted representative can’t be verified

 

BANK ACCOUNT

To receive payouts, US banks only


Accountholder Name


Account Type

Individual or Company


Routing Number

ACH routing number
(not wire routing number)


Account Number

Must be a checking account

For-Profits

Multi Member LLC
Private Partnership Private Corporation Unincorporated Association

BUSINESS INFO


Website URL

 

Business Type

Determines MCC Code

 

Business Name

As represented on tax records

 

Tax ID

Federal Tax Identification Number/EIN issued by the IRS

 

Address

 

Phone

 

Approximate Annual Spend

 

Date of Incorporation

ONE REPRESENTATIVE


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN


Title


Owner or Executive?

If Owner, can add up to 3 more Owners If Executive, can and add up to 4 Owners

________________

Photo ID Upload

Only collected (later) if submitted representative can’t be verified

 

OWNERS

25% or more business ownership


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN

________________

Photo ID Upload

Only collected (later) if submitted representative can’t be verified

 

 

BANK ACCOUNT

To receive payouts, US banks only


Accountholder Name


Account Type

Individual or Company


Routing Number

ACH routing number
(not wire routing number)


Account Number

Must be a checking account

Non-Profits

Incorporated
Unincorporated

BUSINESS INFO

 

Website URL

 

Business Type

Determines MCC Code

 

Business Name

As represented on tax records

 

Tax ID

Federal Tax Identification Number/EIN issued by the IRS

 

Address

 

Phone

 

Approximate Annual Spend

 

Date of Incorporation

ONE REPRESENTATIVE


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN


Title


Owner or Executive?

If Owner, can add up to 3 more Owners If Executive, can and add up to 4 Owners

________________

Photo ID Upload

Only collected (later) if submitted representative can’t be verified

 

BANK ACCOUNT

To receive payouts, US banks only


Accountholder Name


Account Type

Individual or Company


Routing Number

ACH routing number
(not wire routing number)


Account Number

Must be a checking account

Government Entities

Governmental Unit Government Instrumentrality Tax Exempt Government Instrumentrality

BUSINESS INFO


Website URL


Business Type

Determines MCC Code


Business Name

As represented on tax records


Tax ID

Federal Tax Identification Number/EIN issued by the IRS


Address


Phone


Approximate Annual Spend


Date of Incorporation

ONE REPRESENTATIVE


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN


Title


Owner or Executive?

If Owner, can add up to 3 more Owners If Executive, can and add up to 4 Owners

________________

Photo ID Upload

Only collected (later) if submitted representative can’t be verified

BANK ACCOUNT

To receive payouts, US banks only


Accountholder Name


Account Type

Individual or Company


Routing Number

ACH routing number
(not wire routing number)


Account Number

Must be a checking account

Individuals

BUSINESS INFO


Website URL


Business Type

Determines MCC Code


Approximate Annual Spend


Date of Incorporation

ONE REPRESENTATIVE


First & Last Name


Date of Birth

Must be 18 or older


Address


Email


Phone


Full SSN

BANK ACCOUNT

To receive payouts, US banks only


Accountholder Name


Account Type

Individual or Company


Routing Number

ACH routing number
(not wire routing number)


Account Number

Must be a checking account

FAQ

What is a financial representative?

Typically this is the owner(s) of a for profit business. For non-profit organizations, this is typically a board member such as a president, secretary, treasurer, etc. who is responsible for or oversees the finances of the organization.

Why can’t a PO Box be used for the address?

We need a physical address to ensure the organization/business is located and performing business within the United States.

Why does the financial representative need to provide a full SSN and date of birth?

  • The financial representative needs to provide this information for a federal OFAC check. The Office of Foreign Assets Control (OFAC) maintains watch lists for money laundering, fraud, and terrorist organizations; if the financial representative is on one of these lists, underwriting will fail and payments cannot be processed.
  • By providing this information for the financial representative, you are mitigating risk from potential fraudulent activity.
  • The purpose of these checks is to allow the US government to work with financial institutions to prevent identity theft, money laundering, the financing of terrorist organizations and activities, and other types of fraud.
  • You can find additional information: here.

Do you perform a credit check with the SSN?

No, it is only used for OFAC background checks.

Can personal information be safely provided and stored with JustiFi?

Yes, JustiFi is PCI-DSS and SOC 2 compliant. This means that we follow the highest standards per the payment card industry for keeping card data safe, and cybersecurity compliance to ensure all of your data is stored securely.