Business or Personal?

When creating new partnerships, you have the option of specifying that a partnership is either business or personal.

It's important to determine whether they are a company or an individual for a couple reasons.

  1. So you can collect the appropriate tax information and send out the appropriate tax documents to your vendors.

  2. Our banking partner validates this information along with the company name and can reject payments if there are issues.

What if I don't know whether my vendor is operating as an individual or a business?

If you are using Routable's flows via our invitation API or as part of initiating your first payment, your vendor will have an opportunity to correct their information as part of onboarding.

If you are collecting their business information yourself in a fully embedded flow, you must collect this information up front as part of onboarding.

What happens if I have multiple partnerships with the same name?

Depending on your business, it's possible that you will end up with vendors that share the same name (e.g. John Doe).

For personal partnerships, we support this use case by allowing you to specify a custom partner.name attribute that is used in Routable as a display name and propagated to your accounting software as a display name.

// POST /partnerships/
{
  "data":{
    "relationships":{
      "partner":{
        "data":{
          "attributes":{
            "name":"Angela Martin [some unique identifier]"
          },
          "type":"Company"
        }
      },
      "partnership_members":{
        "data":[
          {
            "attributes":{
              "email":"[email protected]",
              "first_name":"Angela",
              "last_name":"Martin"
            },
            "type":"PartnershipMember"
          }
        ]
      }
    },
    "type":"Partnership"
  }
}

In the above example...

  • The partnership is viewable in Routable with the name Angela Martin [some unique identifier]
  • The partnership is viewable in your accounting software with name Angela Martin and the display name Angela Martin [some unique identifier]
  • Payments to this partnership will be made via our banking partners to Angela Martin

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