What is PayMongo Seeds?
PayMongo Seeds is a platform management product designed to empower other platforms like yours! It provides you with all the necessary financial tools to run your business smoothly and manage child accounts effectively. Seeds integrates seamlessly with existing PayMongo features you know and love, including Onboarding, Merchant Management, Dashboard, Payments (covering all Payment Methods and Channels), Payouts, and Financial Services.
See Seeds Terms and Definition for more details on the terminology.
Who is PayMongo Seeds for?
Seeds is ideal for businesses that operate as platforms or marketplaces, connecting merchants and consumers. Seeds equips you with the tools to onboard child accounts, manage their accounts, and facilitate financial transactions within your platform.
Benefits of using PayMongo Seeds:
Streamlined Onboarding: Onboard child accounts efficiently through our onboarding solutions and automate document submission.
Flexible Account Types: Activate child accounts with the appropriate account type for their needs:
Payment Gateway: Allows child merchants to collect payments on your behalf.
Payment Gateway + Wallet: Provides child merchants with payment collection and a built-in PayMongo Wallet for cashing out.
Wallet Management: Expand your platform's functionality with:
Merchant Wallets: Empower child merchants to manage received payments and transfer them to their bank accounts.
Consumer Wallets (Coming Soon!): Enable consumers on your platform to store funds in their PayMongo Wallet for transactions.
Payment Splitting (Beta): Facilitate smooth payouts by distributing funds to child accounts based on your defined splits.
Getting Started with PayMongo Seeds
Account Configuration
Sign up on https://dashboard.paymongo.com/signup and provide the necessary documents as outlined here.
The Seeds product is currently in beta. To utilize this functionality, please contact our support team at [email protected].
Once your account is configured, your developers can leverage our Onboarding API or Hosted Onboarding to effortlessly onboard child accounts. You can view all your child accounts and their account statuses under the "Seeds" page of your dashboard.
Choosing your onboarding method: