Editing a Legal Entity or Principal Owner

If you wish to edit a Legal Entity due to validation errors or otherwise, use the Edit Legal Entity function from the View Sub-Merchant screen to perform this operation. You can also Edit or Delete a Principal Owner on this screen.

You cannot edit the Legal Entity field if the legal entity is in retry state, or if you are attempting to create a new principal from the View Sub-Merchant screen. In addition, when the legal entity is in retry state, any principal added is saved only; the principal is not subject to background verification, and no Principal ID is generated.

To edit fields for an existing legal entity or principal owner:

  1. Follow the steps outlined in Searching for Sub-Merchants.

  2. From the Search Results panel, double-click the row for the desired sub-merchant. The View Sub-Merchant screen appears, as shown in Viewing Sub-Merchants and Legal Entities.

  3. Click the Edit button at the top right corner of the Legal Entity panel. The PayFac Portal displays the Edit Legal Entity and Principal Owner screen (see the figure below).

  4. Edit principal owner(s) in the Principal Owner panel as necessary.

  5. Re-input the necessary fields and click Save at the bottom of the page. Required fields are marked with an asterisk (*).

Edit Legal Entity and Principal Owner Screen

Deleting a Principal Owner

If you wish to delete a Principal Owner, use the Delete button on the Principal Owner panel of the View Sub-Merchant screen.

To delete a Principal Owner:

  1. Follow the steps outlined in Searching for Sub-Merchants.

  2. From the Search Results panel, double-click the row for the desired sub-merchant. The View Sub-Merchant screen appears, as shown in Viewing Sub-Merchants and Legal Entities.

  3. Click the Delete button at the top right corner of the Principal Owner panel. The Portal displays a dialog box confirming your action.

  1. Click OK.