Receivers

People or businesses that will receive payments.

What is a receiver?

A receiver is an individual or business entity designated to receive payouts.

For compliance reasons, every receiver is also considered the originator of the stablecoins. This means that when you create a receiver and initiate a payout from a blockchain wallet, the receiver is deemed the source of the stablecoins.

A single receiver can have multiple bank accounts.

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 (light, standard):

KYC and KYB light are NOT available for payouts in the US.

KYC Light	KYB Light	KYC Standard	KYB Standard
First name	Legal name	First name	Legal name
Last name	Tax ID (government id number)	Last name	Doing business as*
Date of birth	Formation date	Date of birth	Formation date
Email	Email	Email	Email
Country	Country	Tax ID (government id number)	Tax ID (government id number)
		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*

All fields with a * are optional.

Payout Limits

All the limits are based on the amount of stablecoins that are going to be sent to the receiver.

	KYC Light	KYB Light	KYC Standard	KYB Standard
Per transaction	1,000	3,000	10,000	30,000
Daily	3,000	6,000	50,000	100,000
Monthly	10,000	15,000	100,000	250,000

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"
  }'

Instances

Bank Accounts

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