Account structure
For an example of how a growing business adjusts its account structure, refer to Example account structures.
Framework entity onboarding allows you to onboard multiple legal entities owned by one common holding entity.
For example, your company may contain multiple businesses affiliated under one holding entity, referred to as main contracting entity. Generally, the holding entity does not act as a commercial player and does not process any payments. Instead, it offers administrative or legal benefits to its affiliates, referred to as processing entities.
With framework entity onboarding, the main contracting entity is added as a company account and the processing entities are added as new merchant accounts. To learn more about the company account and the merchant account, refer to Account structure.
Complete onboarding applications
To make use of framework entity onboarding, you need to:
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Get a test account and provide your Adyen sales contact with details about the legal structure of your business.
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Log in to your test Customer Area.
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Under the Application section, select Fill out application.
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Select Start application and fill out the Main contracting entity application. Provide information about:
- Company
- Ownership & control
- Contacts
Refer to Application requirements for details.
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Then, select Start application and fill out the Processing entity application. Provide information about:
- Ecommerce or in-person payments
- Company
- Payout account
- Ownership & control
- Contacts
Refer to Application requirements for details.
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Select Send request to submit your applications for review.
After you send the request, you will see a message saying that Adyen will review the applications and contact you within the specified timeframe.
Note that your account will only go live after the main contracting entity and the first processing entity applications have been submitted, and then approved by Adyen.