Sub-Account level based
Understand the level-based onboarding of a sub-account.
Level creation flow
The creation of a Sub-Account account is based on a level system. Each level allows the Sub-Account to process a higher amount per transaction and also increase the total account’s processing limit.
Level creation logic
Sub-Accounts are created at Level 1. This level only requires basic information about the Company or Individual that is being registered:
- Full Name (individual) or Company Name
- Country where the Sub-Account is located
It must send the complete required KYC information for our compliance team to make an in-depth review. The Sub-Account will receive an email asking for the documentation (only for dLocal Managed implementations), and a callback will be sent to the Marketplace with the status change to
PENDING_DOCUMENTATION. When the Sub-Account sends all the required information, the account’s status will change to
PENDING_COMPLIANCE_REVIEW and after being reviewed and approved by our compliance team, the Sub-Account account will be approved to operate with Level 2 limits.
In case the Marketplace has all the KYC information, can send it using the Create account service. In this case, the Sub-Account will be created on
PENDING_COMPLIANCE_REVIEW status and after being reviewed and approved by our compliance team, the Sub-Account will be approved to operate with Level 2 limits.
Updated about 1 month ago