What information is required to apply for an account?

For Company Accounts

During onboarding, as part of our KYC/KYB procedures, we will ask you to provide documents related to your company, such as:

• Registration certificate
• Shareholders' certificate
• Proof of address
• Bank statements

We will also require identity verification for the significant entities within the company, including:

• ID
• Proof of address

We'll also ask for information to help us better understand your company's activities and pair you with a banking partner that suits your needs, including:

• Industry
• Presence in the incorporation country
• Business sector
• An overview of the actual activities of the company
• The volume and number of transactions that we can expect for both incoming and outgoing payments

• Countries of business (where we can expect to see incoming and outgoing payments to/from)

• Currencies that you need in your account

Exceptions for Individual Accounts

The registration process for an individual account is similar, with some exceptions. 

The below chart outlines the registration process for both individual and company accounts. 

Our onboarding team will guide you throughout the process to ensure it is as fast and smooth as possible.

Please bear in mind that once you have completed the application, our compliance team may ask for additional information to finalize the verification process.

Get in touch by submitting a request here if you have any questions along the way.

Start your Payset account application now!