Mandate Setup

Mandates are a prerequisite for direct debit funding and can be considered as a power of attorney. With a mandate, an end user or business entity authorises Upvest to collect payments on their behalf.

In the EU, the mandate is created in accordance with the SEPA Core Regulation standard.

• Authentication scopes — mandates:admin

  For more information, refer to Authentication scopes.

Before setting up mandates, ensure you have:

• Webhook handler ready — Set up a webhook endpoint to listen for direct debit events.

  • Subscribe to DIRECT_DEBIT.* events.

  For more information, refer to Implementing webhooks.

Before a mandate creation request can be initiated, the mandate details must be presented for the end user to review. The mandate information that should be present includes:

• Personal details of the user or business

  You can obtain this information, including full name and address by calling

  GET /users/{user_id}
  

  GET /businesses/{business_id}.

• Creditor (Upvest) information

  This information will be provided to you during your onboarding process.

After the end user has verified the content of the mandate, they must explicitly authorise Upvest to collect money on their behalf.