Why do we request so many documents from merchants during onboarding? 🤔 We understand that submitting documents can seem like a hassle, but it's essential for security, compliance, and ensuring a seamless payment experience. 💳🔒 Step 1: Verifying your business information We check your Chamber of Commerce number, VAT number, and company address to confirm everything is accurate. This helps us prevent fraud, money laundering (AML), and comply with Know Your Customer (KYC) regulations. Step 2: Identifying the Ultimate Beneficial Owners (UBOs) To ensure transparency, we verify who controls the business by requesting identity documents from the company representative and all UBOs Step 3: Validating your bank account We ask for a bank statement or verification of payment to confirm that your account belongs to your business and is functioning properly. This ensures secure payouts. Step 4: Reviewing your business model & website We assess your business model, products, and website to make sure they meet compliance standards. This helps protect against fraudulent activity and ensures clear, transparent transactions. Once this process is complete, you’re ready to start accepting payments! 🚀 #MultiSafepay #Payments #KYC #AML #FraudPrevention #SecurePayments
