Find out which values you can use for the FATCA/CRS, industry codes, and source of funds.
FATCA/CRS
Under FATCA and CRS legislation, Adyen NV as a licensed Dutch Financial Institution is legally required to both:
- Identify its financial account holders.
- Report details of reportable financial account holders to the relevant tax authorities.
To obtain a financial account from Adyen, Adyen therefore needs to obtain certain additional information about you or your entity. To determine whether a financial account (holder) is reportable under FATCA and/or CRS, Adyen is required to obtain a self-certified FATCA / CRS qualification. This FATCA and CRS qualification determines whether the financial account information is considered reportable. After completing the self-certification process, no further action is required by you unless your information changes.
Industry codes list
As a financial institution, Adyen has a legal obligation to collect information about the line of business from your users. This is done by capturing industry codes. You are required to provide industry codes for your users when requesting business accounts.
These codes can represent either:
- The industry that your user is operating in and uses Adyen to process their payments through your marketplace
- For business account users, the industry in which the user is registered based on their local registry (for example, chamber of commerce or secretary of state)
To submit this information to Adyen, make a POST .
For some industries, Adyen requires approval before onboarding users. In this case, contact your Adyen Account Manager, Implementation Manager, or Support Team for further guidance.
After collecting industry codes, Adyen also makes this data available for you, in case you want to gain insights on your marketplace users.
Adyen follows the NAICS codes and has adapted them based on our internal regulations. We only accept the following values listed below for industry codes.
To offer business accounts to users in any new industries that were not part of the previous approval process, you must contact your Adyen Account Manager or our Support Team.
| Industry code | Description |
|---|---|
| 3121A | Alcoholic beverage manufacturing |
| 324 | Petroleum and coal products manufacturing |
| 3254 | Pharmaceutical and medicine manufacturing |
| 3259 | Other chemical product and preparation manufacturing |
| 339A | Jewelry, precious stone, precious metal and silverware manufacturing 1 |
| 339C | Medical equipment and supplies manufacturing |
| 42311 | Automobile and other motor vehicle merchant wholesalers 1 |
| 42312 | Motor vehicle supplies and new parts merchant wholesalers |
| 42313 | Tire and tube merchant wholesalers 1 |
| 42314 | Motor vehicle parts (used) merchant wholesalers |
| 42345 | Medical, dental, and hospital equipment and supplies merchant wholesalers |
| 42394 | Jewelry, watch, precious stone, and precious metal merchant wholesalers 1 |
| 4242 | Drugs and druggists' sundries merchant wholesalers |
| 4246 | Chemical and allied products merchant wholesalers |
| 4247 | Petroleum and petroleum products merchant wholesalers |
| 4248 | Beer, wine, and distilled alcoholic beverage merchant wholesalers |
| 44111 | New car dealers 1 |
| 4411B | Used cars - reputable dealers |
| 44132 | Tire dealers 1 |
| 4461A | Nutraceutical stores (non-food) |
| 44611 | Pharmacies and drug stores |
| 44619A | Food (Health) supplement stores (nutraceuticals, food) - regulated 2 |
| 446191 | Food (Health) supplement stores (nutraceuticals, food) - non-regulated |
| 44831 | Jewelry stores 1 |
| 4453 | Beer, wine, and liquor stores |
| 452A | Buying and shopping services and clubs |
| 4539B | Stamp and coin stores |
| 4539D | Auction houses |
| 45392 | Art dealers 1 |
| 45431 | Fuel dealers |
| 487 | Scenic and sightseeing transportation |
| 52231 | Mortgage and non-mortgage loan brokers |
| 524114 | Direct health and medical insurance carriers |
| 52412 | Direct insurance (except life, health, and medical) carriers |
| 52413 | Reinsurance carriers |
| 5242 | Agencies, brokerages, and other insurance related activities |
| 5311 | Lessors of real estate |
| 5312 | Offices of real estate agents and brokers |
| 5313 | Activities related to real estate |
| 5417A | Ancestry research |
| 56145 | Credit bureaus |
| 5615 | Travel arrangement and reservation services |
| 6211 | Office of physicians |
| 6212 | Office of dentists |
| 62131 | Office of chiropractors |
| 62132 | Offices of optometrists |
| 62133 | Offices of mental health practitioners |
| 62134 | Offices of physical, occupational and speech therapists, and audiologists |
| 62139 | Offices of all other health practitioners |
| 6215 | Medical and diagnostic laboratories |
| 6216 | Home health care services |
| 621A | Commercial private health and e-doctor services |
| 622 | Hospitals |
| 623 | Nursing and residential care facilities |
| 711A | Ticketing agencies |
| 7211A | Timeshares |
| 7224 | Drinking places (alcoholic beverages) |
| 8129C | Pseudo science services (astrology, psychokinesis, clairvoyance, fortune telling, etc.) |
| 81394 | Political organizations |
| 921 | Executive, legislative, and other general government support |
| 922A | Fines and penalties of any kind |
| 92219 | Other justice, public order, and safety activities |
| 92B | Other public administrations |
1Only when average transaction value (ATV) is EUR 2000 or less.
Source of funds list
The following are the values that Adyen accepts for the source of funds, and the information required for each type. To submit this information, make a POST /businessLines request.
| Type of source of funds | Required information | |
|---|---|---|
| Business (profits generated from commercial activities) | Specify that their main source of funds is the payments acquiring business with Adyen. |