---
title: How do I set up a virtual account or wallet for my own customers?
description: "Step-by-step setup for Collections on Behalf Of: create an entity, then a virtual account or stablecoin wallet for your customer."
---

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# How do I set up a virtual account or wallet for my own customers?

## Setting up COBO: create an entity for your customer, then a virtual account or wallet for them.

| To collect on behalf of a customer, you first create an Entity for them, then a Collection Account linked to that entity.   ### Step 1: Create an Entity An Entity represents the customer you are collecting for. Every virtual account or wallet created under COBO must be linked to one. \- Tazapay supports Business Entities for registered companies, and Individual Entities for individual customers such as freelancers, creators, or sole proprietors. \- Entities are created through the Create Entity API. There is no dashboard screen for this. \- There are two onboarding paths: full entity creation, which includes document review and approval by Tazapay before transactions can begin, and simplified entity creation, which is lighter and activates the entity instantly. Which one applies to you depends on your setup, so confirm with your account manager. \- Only entities in submitted status can be used, so finish onboarding before you request an account.   ### Step 2: Create the Collection Account Once the entity is approved, request a virtual account or stablecoin wallet for it the same way you would for your own account. See How do I request a virtual account or stablecoin wallet? \- Virtual accounts give your customer bank account details, with funds attributed automatically to the linked entity. \- Stablecoin wallets give your customer a blockchain deposit address for USDC or USDT. \- Requesting through the support team is recommended for COBO setups, because they usually involve compliance review specific to each entity.   ### Step 3: Check it in the dashboard Once the account is provisioned, click Virtual Accounts or Wallets in the left sidebar of the Tazapay dashboard. Accounts are grouped by entity, so your customer's account appears under their entity rather than mixed in with your own.   ### Step 4: Subscribe to webhooks Set up your collect webhook endpoint before you share any account details, so your platform is told the moment funds arrive and are attributed. 👉 For full details, check out the Tazapay developer docs: • Collections on Behalf Of → https://developer.tazapay.com/collection-accounts/integration-guides/collections-on-behalf-of • Creating entities → https://developer.tazapay.com/getting-started/core-concepts/creating-entities • Create entity API reference → https://developer.tazapay.com/api-reference/tazapay-api/create-entity • Requesting accounts via API → https://developer.tazapay.com/collection-accounts/requesting-for-vas/api • Collect webhook → https://developer.tazapay.com/api-reference/tazapay-api/collect-webhook |
| --- |

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          <p><b>Step 2:</b> Fill in your details on the first section. The required fields include your role as the buyer or seller, type of transaction, country & currency info, and invoice amount.</p>
          <p><b>Step 3:</b> Fill in your counterparty's details on the second section. The required fields include the contact name & email.</p>
          <p><b>Step 4:</b> Add any other documents you want verified on Tazapay's platform</p>
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          <p><b>Step 2:</b> Select your seller and buyer details. If you haven't added a buyer yet, you can do so under "Add buyer detail".</p>
          <p><b>Step 3:</b> Set the transaction currency and amount, add the description and any supporting documents for the transaction.</p>
          <p><b>Step 4:</b> You can now share the payment link to your buyer and start accepting payments.</p>
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          <p><b>1. Basic Info:</b> This is where you will fill out your personal details on the form. The required information would be the registered email, country of operations, and type of entity (individual, sole proprietor, company, partnership, limited partnership.)</p>
          <p><b>2. Representatives & Owners:</b> Should either of your representative and owners own more than 25% of the entity, you'll need to include their details here (eg: authorised representatives, directors, beneficial owners). If you're an individual or sole proprietor, you may indicate that you have more than 25% ownership of the entity and not have to add any further individuals.</p>
          <p><b>3. Business Details:</b> Add the details of your operating address for your business. If you're an individual, your home address will suffice. </p>
          <p><b>4. Documents:</b> This is where you will upload documentary proof of representative & owner IDs and proof of address.</p>
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          <p>Tazapay runs KYB processes in accordance with the global Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) efforts. It has, thus, become Tazapay’s responsibility to fully understand the Ultimate Beneficial Ownership (UBO) of the companies that utilize our services.</p>
          <p>Please note that successful completion of KYB is a requirement for funds to be released on our platform. </p>
          <p>For more information on why KYB/KYC is required, read <a href="https://tazapay.com/blog/why-is-kyc-kyb-needed-by-payment-gateways/">our blog.</a></p>
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