| Definition | Represents a sub-account belonging to your own organization or internal business unit. | Represents a third-party merchant account that you manage or collect payments on behalf of individual company or business company. |
| Typical Scenario | Used when the platform operates multiple internal business units and needs separate balances. | Used when the platform operates on behalf of merchants or enables merchants to receive payments directly. |
| Verification Requirement | Available immediately after creation; no additional verification required. | Can be created after the platform completes the merchant’s KYB verification. |
| Visibility | Invisible to end users unless explicitly invited. | Invited merchants can access and manage their own funds while the platform retains administrative control. |
| Customer Information Displayed During Payment | The Master Account information is displayed to customers. | The corresponding Sub-Account information is displayed to customers. |
| Invoice Recipient | Invoices are issued to the Master Account. | Invoices are issued directly to the Sub-Account. |
| Webhook Configuration | Inherits the Master Account’s webhook configuration automatically. | Can manage its own webhook settings independently through the Dashboard, while the Master Account may also configure them via API. |
