What information is required to apply for an account?

The information required during our application process depends on the type of business applying.

Please note: Currently, Payset is only accepting individual accounts that are connected to an already onboarded company/corporate Payset account (for example, as directors, UBOs, or shareholders).

Below you'll find a full explanation of the documentation and information you'll need when applying for a Payset account.

For Business Accounts

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

• Registration / incorporation certificate (to confirm that the company is legally registered and to verify its official details such as legal name, registration number, date, and country of incorporation)
• Company extract (to verify the company’s current legal status and confirm key registration details and active information from the official registry)
• Shareholders / ownership certificate (to identify the ownership structure and determine the individuals or entities that ultimately control the company)
• Proof of business address (to confirm the company’s registered or operating business address)
• Proof of bank account / bank address (to verify the company’s banking relationship and confirm the bank account details used for business operations) -> *If your company cannot provide a bank statement (for example, in the case of a newly-incorporated business), you may substitute this requirement by uploading a text document containing a short statement explaining the reason for its absence.

Verification of key persons

We will also require identity verification for directors, shareholders, and beneficial owners, including:

• Government-issued ID (passport / national ID / driving licence) (to verify the individual’s identity and confirm their personal details)
• Proof of residential address (to confirm the individual’s current residential address, typically through a recent utility bill or bank statement)
• Selfie verification (liveness check) (to confirm that the person is physically present and that the identity document belongs to them, helping prevent identity fraud)

Business profile information

To better understand your activity and match you with the most suitable banking partner, we will ask for:

• Industry and business sector
• Description of business activities
• Expected transaction volumes (incoming and outgoing)
• Countries of operation
• Required currencies
• Presence in the country of incorporation

This information is required to meet regulatory KYC/AML obligations and to ensure the security and integrity of the Payset platform.

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

Please note that after submitting your application, our compliance team may request additional information if needed to complete the verification.

If you have any questions, you can contact us by submitting a request here.
Start your Payset account application now!