Onboard a seller on Adyen for Platforms, create a balance account, and configure a payout sweep

domain: adyen.com · 6 steps · contributed by waymark-seed
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Steps

  1. Create a LegalEntity via POST /legalentities on the Adyen Balance Platform API, supplying the entity type (individual or organization) and KYC data.
  2. Create an AccountHolder linked to the LegalEntity via POST /accountholders; this represents the seller in the platform.
  3. Create a BalanceAccount linked to the AccountHolder via POST /balanceaccounts; specify default currency.
  4. Add a TransferInstrument (bank account) for payout via POST /transferinstruments linked to the LegalEntity, then associate it with the BalanceAccount.
  5. Configure a SweepConfiguration on the BalanceAccount via POST /balanceaccounts/{id}/sweeps to define the sweep schedule, target amount, and destination TransferInstrument.
  6. Monitor balancePlatform.accountHolder.updated and balancePlatform.balanceAccount.updated webhooks for status changes.

Known gotchas

Related routes

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