{"id":9452069585170,"title":"MangoPay Create a Natural User Integration","handle":"mangopay-create-a-natural-user-integration","description":"\u003ch2\u003eExploring the MangoPay API: Create a Natural User Endpoint\u003c\/h2\u003e\n\n\u003cp\u003eThe MangoPay API is a powerful financial tool designed to enable developers to integrate a variety of payment and financial services into their applications. Among its many features is the capability to manage users, and specifically, the endpoint to create a \"Natural User.\" This endpoint is essential for applications that require the ability to onboard individual users who will perform financial transactions within the system.\u003c\/p\u003e\n\n\u003ch3\u003eWhat Is a Natural User?\u003c\/h3\u003e\n\n\u003cp\u003eA \"Natural User\" in the MangoPay context refers to an individual as opposed to a business or legal entity (which would be managed as a \"Legal User\"). This could include customers of a marketplace, donors in a crowdfunding platform, or investors in a fintech startup. The distinction is important for compliance with financial regulations, as individuals and businesses are subject to different rules.\u003c\/p\u003e\n\n\u003ch3\u003eFunctionality of Create a Natural User Endpoint\u003c\/h3\u003e\n\n\u003cp\u003eThe 'Create a Natural User' endpoint allows developers to create a new user profile within the MangoPay system. When this endpoint is called, you must provide personal information such as the user's name, date of birth, nationality, and residence. This information is crucial for identity verification (KYC – Know Your Customer) which is essential for complying with anti-money laundering (AML) regulations.\u003c\/p\u003e\n\n\u003ch3\u003eProblems Solved by the Endpoint\u003c\/h3\u003e\n\n\u003cp\u003e\u003cstrong\u003eRegulatory Compliance:\u003c\/strong\u003e The primary problem that the 'Create a Natural User' endpoint solves is that of regulatory compliance. Financial transactions require the identification and verification of individuals involved, and this endpoint allows platforms to gather the necessary information and create a compliant financial profile.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eUser Onboarding:\u003c\/strong\u003e The endpoint simplifies the task of adding new users to a platform. With this API, online marketplaces, crowdfunding platforms, or any business that involves financial transactions can easily onboard new users, helping to grow the business and maintain an organized user database.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eTransaction Management:\u003c\/strong\u003e By creating a Natural User profile, the API allows for the tracking and management of transactions performed by that user. This includes the ability to monitor their financial activities, manage wallets, and ensure secure transactions.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eFraud Prevention:\u003c\/strong\u003e Gathering detailed information about the user helps in preventing fraudulent activities. By verifying the identity of the users, the platform can mitigate risks and protect itself and its users from potential scams.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCustomized User Experience:\u003c\/strong\u003e The information provided through this endpoint can be utilized to offer a customized experience to the users, such as displaying transaction limits consistent with their verified status or offering financial services tailored to their personal profile.\u003c\/p\u003e\n\n\u003ch3\u003eConclusion\u003c\/h3\u003e\n\n\u003cp\u003eThe MangoPay 'Create a Natural User' endpoint offers a critical service for applications dealing in financial transactions. By leveraging this endpoint, businesses can ensure they conform to legal standards, provide secure and efficient user onboarding, manage transactions effectively, and offer a better and safer user experience. As financial services continue to move online, the importance of such API endpoints is only set to grow, highlighting their value in the tech industry’s toolbox for solving complex operational issues.\u003c\/p\u003e","published_at":"2024-05-13T15:29:50-05:00","created_at":"2024-05-13T15:29:51-05:00","vendor":"MangoPay","type":"Integration","tags":[],"price":0,"price_min":0,"price_max":0,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":49121556201746,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"MangoPay Create a Natural User Integration","public_title":null,"options":["Default Title"],"price":0,"weight":0,"compare_at_price":null,"inventory_management":null,"barcode":null,"requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/consultantsinabox.com\/cdn\/shop\/files\/383d4102a78c91bb0b28290f21249656_db67323f-9f05-4575-acd2-7de801db8249.jpg?v=1715632191"],"featured_image":"\/\/consultantsinabox.com\/cdn\/shop\/files\/383d4102a78c91bb0b28290f21249656_db67323f-9f05-4575-acd2-7de801db8249.jpg?v=1715632191","options":["Title"],"media":[{"alt":"MangoPay Logo","id":39145640100114,"position":1,"preview_image":{"aspect_ratio":1.359,"height":368,"width":500,"src":"\/\/consultantsinabox.com\/cdn\/shop\/files\/383d4102a78c91bb0b28290f21249656_db67323f-9f05-4575-acd2-7de801db8249.jpg?v=1715632191"},"aspect_ratio":1.359,"height":368,"media_type":"image","src":"\/\/consultantsinabox.com\/cdn\/shop\/files\/383d4102a78c91bb0b28290f21249656_db67323f-9f05-4575-acd2-7de801db8249.jpg?v=1715632191","width":500}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003ch2\u003eExploring the MangoPay API: Create a Natural User Endpoint\u003c\/h2\u003e\n\n\u003cp\u003eThe MangoPay API is a powerful financial tool designed to enable developers to integrate a variety of payment and financial services into their applications. Among its many features is the capability to manage users, and specifically, the endpoint to create a \"Natural User.\" This endpoint is essential for applications that require the ability to onboard individual users who will perform financial transactions within the system.\u003c\/p\u003e\n\n\u003ch3\u003eWhat Is a Natural User?\u003c\/h3\u003e\n\n\u003cp\u003eA \"Natural User\" in the MangoPay context refers to an individual as opposed to a business or legal entity (which would be managed as a \"Legal User\"). This could include customers of a marketplace, donors in a crowdfunding platform, or investors in a fintech startup. The distinction is important for compliance with financial regulations, as individuals and businesses are subject to different rules.\u003c\/p\u003e\n\n\u003ch3\u003eFunctionality of Create a Natural User Endpoint\u003c\/h3\u003e\n\n\u003cp\u003eThe 'Create a Natural User' endpoint allows developers to create a new user profile within the MangoPay system. When this endpoint is called, you must provide personal information such as the user's name, date of birth, nationality, and residence. This information is crucial for identity verification (KYC – Know Your Customer) which is essential for complying with anti-money laundering (AML) regulations.\u003c\/p\u003e\n\n\u003ch3\u003eProblems Solved by the Endpoint\u003c\/h3\u003e\n\n\u003cp\u003e\u003cstrong\u003eRegulatory Compliance:\u003c\/strong\u003e The primary problem that the 'Create a Natural User' endpoint solves is that of regulatory compliance. Financial transactions require the identification and verification of individuals involved, and this endpoint allows platforms to gather the necessary information and create a compliant financial profile.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eUser Onboarding:\u003c\/strong\u003e The endpoint simplifies the task of adding new users to a platform. With this API, online marketplaces, crowdfunding platforms, or any business that involves financial transactions can easily onboard new users, helping to grow the business and maintain an organized user database.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eTransaction Management:\u003c\/strong\u003e By creating a Natural User profile, the API allows for the tracking and management of transactions performed by that user. This includes the ability to monitor their financial activities, manage wallets, and ensure secure transactions.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eFraud Prevention:\u003c\/strong\u003e Gathering detailed information about the user helps in preventing fraudulent activities. By verifying the identity of the users, the platform can mitigate risks and protect itself and its users from potential scams.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCustomized User Experience:\u003c\/strong\u003e The information provided through this endpoint can be utilized to offer a customized experience to the users, such as displaying transaction limits consistent with their verified status or offering financial services tailored to their personal profile.\u003c\/p\u003e\n\n\u003ch3\u003eConclusion\u003c\/h3\u003e\n\n\u003cp\u003eThe MangoPay 'Create a Natural User' endpoint offers a critical service for applications dealing in financial transactions. By leveraging this endpoint, businesses can ensure they conform to legal standards, provide secure and efficient user onboarding, manage transactions effectively, and offer a better and safer user experience. As financial services continue to move online, the importance of such API endpoints is only set to grow, highlighting their value in the tech industry’s toolbox for solving complex operational issues.\u003c\/p\u003e"}