Counterparty account lifecycle

Learn about the lifecycle of a counterparty account in Numeral

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Deprecated

The counterparty account object and related API endpoints are deprecated, will be removed, and should no longer be used.

Events are created as counterparty accounts are created or updated in Numeral. An update can be the update of any attribute, such as a status, a date, or any other data. Learn more about events and webhooks in Numeral.

Events

EventDescription
auto_approvedCounterparty account has been created and automatically approved.
pending_approvalCounterparty account has been created and is pending approval.
approvedCounterparty account has been approved and can be used to send and collect payments.
deniedCounterparty account has been denied and cannot be used to send and collect payments.
updatedCounterparty account has been updated.
disabledCounterparty account has been disabled and cannot be used to send and collect payments.
verifiedCounterparty has been verified.

Statuses

EventDescription
pending_approvalCounterparty account has been created and needs to be approved before being used.
approvedCounterparty account has been approved and can be used to send and collect payments.
deniedCounterparty account has been denied and cannot be used to send and collect payments.
updatedCounterparty account has been updated.
disabledCounterparty account has been disabled and cannot be used to send and collect payments.

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