Merchant Onboarding

Approved merchants are still not live because onboarding sits between
Approval and Activation

Bring KYB, risk signals, and scheme requirements into a single AI-native onboarding flow that helps acquirers make faster, controlled decisions across every merchant application.

Merchant Onboarding

How Onboarding Moves Through Inqyre

Stage 1

Verification

  • AI Powered checks of merchant activity, company structure, ownership, and risk profile
  • Enrich with external data sources of behavioural and risk signals such as website traffic, adverse media, to assess merchant legitimacy
  • Ensure all necessary website compliance requirements
Verification
Stage 2

Analyse and Recommend

  • Assign contextually accurate Merchant Category Codes
  • Apply customizable risk scoring and other criterion
  • AI Powered matching against live acquirer criterion to generate routing recommendation
  • Comprehensive, fully explainable, Onboarding Score generated per merchant
Analyse and Recommend
Stage 3

Engage & Collect via Documents Engine

  • AI powered recommendation and consolidation of document requirements into a single unified list
  • Customised emails with a single secure document portal for merchants
  • Reduces friction at the exact moment dropout occurs in onboarding journeys
Engage & Collect via Documents Engine
Stage 4

Monitor & Complete

  • Instant tracking mechanism for documents
  • AI validation for accuracy, reducing re-work
  • Continuous engagement with merchants to track completeness
  • Full merchant packs produced
Track & Complete
Verification
Analyse and Recommend
Engage & Collect via Documents Engine
Track & Complete
Payments Onboarding Intelligence

What Inqyre Technology Does in Payments Onboarding

Inqyre helps PSP teams take action across onboarding decisions by combining merchant signals, risk context, scheme rules, documentation logic, and human review.

Stage 01: Adaptive Learning

Adaptive Learning Framework

Inqyre improves how onboarding decisions are made by using outcomes from completed merchant applications, strengthening how MCC, KYB, financial position, and risk signals are interpreted.

Adaptive Learning Framework
Stage 02: Multi-Modal Intelligence

Multi-Modal Intelligence

Inqyre brings merchant websites, KYB data, MCC definitions, financials, and scheme rules into one decision flow so eligibility, risk, and documentation are assessed in context.

Multi-Modal Intelligence
Stage 03: Responsible AI

Responsible AI

Inqyre supports PSP teams with structured outputs such as risk assessment, MCC classification, and acquirer recommendations, while the final approval stays with the PSP.

Responsible AI

What is poor onboarding costing you?

Two numbers in. Real revenue exposure out.

Enter your operating metrics to see potential revenue exposure.

If your onboarding delays by:
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Annual Revenue Impact
Merchants at Risk

Merchants who disengage before going live.

GMV lost due to Dropout

Annual volume lost when merchants abandon processing.

GMV lost due to Onboarding delay

Annual processing volume lost while merchants wait to go live.

Annual GMV at risk (£)

Combining dropout losses and onboarding delay costs.

Net revenue at risk (£)

Your revenue, not merchants' volume.

FAQs

1. How does Inqyre integrate with our CRM and onboarding systems?
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Inqyre is designed to sit within your existing onboarding stack rather than replace it. It connects through APIs and structured data feeds to your CRM, onboarding portal, and risk/compliance tooling so teams continue working in familiar workflows. You can also connect via the platform's web interface.

2. How long does implementation take?
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Implementation timelines depend on data readiness and system complexity, but most teams can begin with a focused pilot first, then scale into broader onboarding workflows in phases.

3. What data is required to onboard a merchant?
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Typical inputs include merchant business details, website/domain information, company registration and ownership data, KYB/KYC verification data, and transaction/profile context required for risk and MCC classification decisions.

4. How does MCC classification work in Inqyre?
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Inqyre evaluates multiple signals in parallel including merchant website content, filing data, and business descriptors, then maps results to scheme-aligned MCC definitions.

5. Who owns the final onboarding decision?
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Your PSP/acquiring team always owns the final decision. Inqyre provides structured recommendations, risk context, and evidence trails to speed review, but approval authority remains with human operators.

6. Who is this product for?
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This product is designed for all PSPs who are onboarding merchants for payments acceptance. If you onboard merchants at scale, this is built for you, including PSPs, Acquirers, PayFacs, ISOs, marketplaces and  embedded finance platforms.

7. How does the system support risk and compliance review?
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Each decision path includes explainable reasoning, supporting signals, and decision logs so risk and compliance teams can review outcomes quickly and maintain a clear audit trail.

8. How does this product support Sales and Marketing Teams?
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The same scoring that speeds up onboarding, MCC classification, risk assessment and fit against your acceptance policy, can evaluate and qualify raw leads before they reach a Sales or Marketing team member. One platform, applied earlier in the funnel.

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If Onboarding Speed Is Impacting Revenue, Let's Talk

We are working with a select group of acquiring-side payments firms in the UK to validate and deploy Inqyre in production. No pitch deck. A direct conversation about your operation and whether this fits.