If you are unsure which mode your program uses, contact your Reap account manager.
Consumer mode
Consumer mode is for programs that issue cards to individual users.- Each user must complete KYC before an account or card can be created.
- Once approved, a user gets their own account with their own balance.
- Cards are issued directly to the user and spend against that user’s account.
Corporate mode
Corporate mode is for programs that issue cards through a company or trust structure. KYB verification of the company is always required before users can be onboarded. Within corporate mode, there is a second variable: account ownership. This determines whether accounts belong to the company or to individual users. Reap sets this alongside your program mode during setup.Company ownership
Used for expense management and business card programs where the company controls and funds the balance.- Create a company and initiate KYB.
- Once the company is approved, create a company account. This is the shared account all cards spend from.
- Create employees and put each through KYC.
- Cards can be issued once an employee is approved.
User ownership
Used for trust and structured programs where a company or trust entity is required for compliance, but each individual funds and holds their own balance.- Create a company (or trust) and initiate KYB.
- Create users associated with the company and put each through KYC.
- Once a user is approved, create a user account for them and issue cards. Spending draws from that user’s own account.
How the modes compare
| Consumer | Corporate (company ownership) | Corporate (user ownership) | |
|---|---|---|---|
| Compliance | KYC per user | KYB for company, KYC per employee | KYB for company or trust, KYC per user |
| Account owner | User | Company | User |
| Spending balance | Per user | Shared across all cards in the company | Per user |
| Cards issued to | User | Employee | User |
| Entities you create | Users | Companies + users | Companies + users |
Key principles
- Your mode is fixed. Reap sets the program mode and account ownership during onboarding. Neither can be changed after the program goes live.
- KYC is always required for cardholders. In all modes, every person who holds a card must have an approved KYC application.
- Account ownership is enforced by the API. Attempting to create the wrong account type for your ownership mode returns an error.
- Users in corporate mode belong to a company. When you create a user in corporate mode, you associate them with a company. You can list and filter users by company.