Receivers

People or businesses that will receive payments or stablecoins.

What is a receiver?

A receiver is an individual or business entity designated to interact with BlindPay.

For compliance and regulatory requirements, every customer on your platform must be registered as a receiver in BlindPay. This is a mandatory step to ensure proper transaction tracking and reporting. If any of your customers operate as money transmitters (entities that transfer funds on behalf of others), they are also required to register their end customers as receivers in the system. This multi-level registration ensures complete transparency throughout the payment chain.

You can attach multiple bank accounts and blockchain wallets to a receiver.

Compliance and KYC

Every receiver is required to go through a KYC process to verify their identity.

These are the data we collect for every receiver type (business, individual) and receiver kyc_type (standard, enhanced):

KYC/B Standard

Individual	Business
First name	Legal name
Last name	Tax ID (government id number)
Date of birth	Formation date
Email	Email
Country	Country
Tax ID (government id number)	Doing business as*
Phone number*	Website*
IP Address	IP Address
Country	Country
Address 1	Address 1
Address 2*	Address 2*
City	City
State/province/region	State/province/region
Postal code	Postal code
ID Document - Country	UBOS + Shareholders above 25% (everything from Standard KYC but no Phone and IP Address)
ID Document - Type (passport, id card, drivers license)	Company Formation Document
ID Document - Front	Proof of Ownership Document
ID Document - Back*	Proof of Address - Type*
Proof of Address - Type (utility bill, bank statement)*	Proof of Address - Document*
Proof of Address - Document*

KYC Enhanced

Everything from KYC/B standard, plus:

All individuals on Enhanced KYC will be manually verified by BlindPay compliance team. This process can take up to 24 hours.

Individual
Source of Funds Document Type
Source of Funds Document File
Individual Holding Document Front File
Purpose of Transactions
Purpose of Transactions Explanation

All fields with a * are optional.

Review Timeline

The time it takes to review and approve a receiver's KYC/KYB submission varies depending on the verification type:

Verification Type	Review Timeline
KYC Standard	30 seconds
KYC Enhanced	3 hours to 2 business days
KYB Standard	3 hours to 2 business days

KYC Statuses

Every receiver has a KYC status that indicates the current state of their verification process. The status can be one of the following:

verifying: The receiver's KYC is currently being processed
approved: The receiver's KYC has been successfully verified and approved
rejected: The receiver's KYC has been rejected

Status Flow

When you create a receiver, the status will automatically be set to verifying. The status update timeline depends on the KYC type:

KYC Standard: After approximately 30 seconds, the status will typically be updated to either approved or rejected automatically. However, in some cases where our compliance team needs to review the submission manually, the status will remain verifying until our team manually approves or rejects it.
KYC Enhanced & KYB Standard: These always require manual review by our compliance team, so the status will remain verifying until our team completes the review process.

KYC Warnings

When a receiver's KYC is rejected, BlindPay provides feedback in the kyc_warnings field. This field contains information about why the KYC was rejected, which can help you understand what needs to be corrected.

To retry the KYC process after a rejection, you'll need to create a brand new receiver with the corrected information. You cannot update an existing receiver's KYC information.

Payout & Payin Limits

The transfer limits are calculated based on the stablecoin amount being transferred. Each receiver has separate limits for both payouts (sending funds) and payins (receiving funds).

Note: These limits are set for compliance purposes and can be increased upon submission of additional documentation.

	KYC Standard	KYB Standard	KYC Enhanced
Per transaction	10,000	30,000	50,000
Daily	50,000	100,000	100,000
Monthly	100,000	250,000	500,000

Creating a receiver

You can check the required fields in the BlindPay API Docs.

Before creating a receiver, you need to:

Remember: replace YOUR_SECRET_TOKEN with your API key and in_000000000000 with your instance ID.

cURL

curl --request POST \
  --url https://api.blindpay.com/v1/instances/in_000000000000/receivers \
  --header 'Authorization: Bearer YOUR_SECRET_TOKEN' \
  --header 'Content-Type: application/json' \
  --data '{
    "type": "individual",
    "kyc_type": "standard",
    "email": "[email protected]",
    "tax_id": "12345678",
    "address_line_1": "8 The Green",
    "address_line_2": "#12345",
    "city": "Dover",
    "state_province_region": "DE",
    "country": "US",
    "postal_code": "02050",
    "ip_address": "127.0.0.1",
    "phone_number": "+1234567890",
    "proof_of_address_doc_type": "UTILITY_BILL",
    "proof_of_address_doc_file": "https://pub-4fabf5dd55154f19a0384b16f2b816d9.r2.dev/v4-460px-Get-Proof-of-Address-Step-3-Version-2.jpg.jpeg",
    "first_name": "John",
    "last_name": "Doe",
    "date_of_birth": "1998-01-01T00:00:00Z",
    "id_doc_country": "US",
    "id_doc_type": "PASSPORT",
    "id_doc_front_file": "https://pub-4fabf5dd55154f19a0384b16f2b816d9.r2.dev/1000_F_365165797_VwQbNaD4yjWwQ6y1ENKh1xS0TXauOQvj.jpg"
  }'

Testing scenarios

By default all the receivers created in 'development' instances are automatically approved, however if you want them to be Rejected, you can can use 'Fail' as the first name or legal name for individuals and businesses respectively.

Bank Accounts

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