Creating a New Legal Account

At Lemonway can create several types of accounts based on your needs. A Payment Account is sometimes called a Legal Account. Typically this is used when a user is signing up for your services. For example: If you are a Marketplace platform, in order for the Merchant to start selling they would legally have to create an account.

For more detail, please consult: Create a New Legal Account

There are some key pieces of information that are required to ensure a successful account setup:

• Company name: should be the same as stated in the company registration documents and bank statement
• Website URL: is not mandatory but highly recommended. If not put the website of your platform where the payor and the merchant meet and from which the payment page is called.
• Email: is unique, you can’t create two accounts with the same email address
• Account ID: length should not exceed 15 alphanumeric characters to comply with banks rules

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Important

“IsOneTimeCustomer” & Is”TechnicalWallet” are options available for some specific payment scheme.