Customer Profile(CP) vs Customer Profile+(CP+)

Depending on the nature of your business, facilitating these first party transfers require the setting up of either Customer Profile (CP) or Customer Profile+ (CP+) accounts for your users. Here is a breakdown of what CP and CP+ are:

CP	CP+
Offer named collections and payouts	Offer named collections and payouts
Require basic info which does not go through KYC/KYB verification	Require extensive info which needs to be fully KYC/KYB-ed
	Transaction limit imposed for each customer profile
	Additional compliance requirements on transaction notifications

Updated about 2 months ago

What’s Next

Learn about first party transfer's flow in detail.

Customer Profile and Bank Account Creation