Onboard merchant

Partners can onboard merchants for business funding using our APIs. The process involves creating an application via https://api.banking.netevia.dev/api/loans/loanRequest, enriching the application with bank statements, business owner details, and sales data, and then submitting the lead for decisioning through an external service. Partners receive decision details and funding offers via API, redirect merchants to the external service to select an offer, and finalize the process by electronically signing the finance agreement.

Partners can onboard merchants for cash advances through their own user interface, utilizing our Business Funding APIs. This guide outlines the process of onboarding a merchant via API.

Overview

The typical onboarding integration process consists of the following steps:

  1. Create an application (lead)

    To initiate the process, inform our system about a merchant interested in applying for funding. Use the API endpoint https://api.banking.netevia.dev/api/loans/loanRequest to create a lead in the system.Ensure that you have the merchant’s consent to share their personal and financial details and that the data complies with relevant privacy and security regulations. You may include your internal customer ID for better tracking.
  2. Enrich the application for a funding decision

    Data enrichment is handled automatically, including:
  • Bank statements
  • Information about business owners
  • Sales data
  1. Submit the lead for decisioning

    Submit the completed application for decisioning via an external service. This external service will process the application and make a funding decision.

  2. Retrieve the decision

    Once the decision has been made, use the API https://api.banking.netevia.dev/api/loans/loanSettings to retrieve the result. The response will include details of available funding offers, such as the funding amount, fees, and repayment terms. You will receive this information via the API https://api.banking.netevia.dev/api/loans/loanSettings

  3. Enable merchants to select an offer

    Redirect merchants to the external service to review and select their funding offer. This service will present the available offers and allow merchants to make their selection.

  4. Sign the finance agreement

    After selecting an offer, redirect merchants to the external service to sign the finance agreement electronically. The API https://api.banking.netevia.dev/api/loans/loanSettings will be used to receive updates on the signed agreement and confirm that the contract has been executed.