VIVE supports three vendor types: Full Vendor, Client Registered Vendor, and Compliance Exempt Vendor. In certain situations, you may need to convert a vendor from one type to another — for example, if a vendor's compliance requirements change or a relationship is restructured.
Each conversion has specific prerequisites. This article explains the three vendor types, what's required for each conversion path, and what to expect when a conversion is completed.
Vendor Types Defined
Converting to Client Registered Vendor
From Compliance Exempt Vendor
Compliance Exempt vendors can be converted to Client Registered status. Because these vendors have no payment history and are fully client-managed, this conversion path is straightforward. A tax ID is required to complete the conversion, as VIVE uses it to verify vendors and prevent duplicate records.
From Full Vendor
Full Vendors can only be converted to Client Registered if their VIVE status is Registering or Awaiting Payment. Vendors with a payment history on file are not eligible for conversion.
Converting to Compliance Exempt Vendor
From Full Vendor
Full Vendors can only be converted to Compliance Exempt if their VIVE status is Registering or Awaiting Payment. Vendors with a payment history on file are not eligible for conversion.
From Client Registered Vendor
Client Registered Vendors can be easily converted to Compliance Exempt status.