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Setting Up an Account

Account Pricing and Application FAQ
Is there a sign-up fee? No. You pay an application fee only once your a...
Paying your opening payment
Before you get full access to your account, you will be asked to pay an ...
Understanding your pricing proposal
If you spoke with a Payset specialist, your pricing will be set out in a...
Payset plans explained
Payset has three account plans. Which one you're in depends on how much ...
What happens after I apply for an account?
What comes next depends on the route shown when you submitted your appli...
How do I apply for a Payset business account?
You apply online at apply.payset.io/apply. It takes about two minutes, a...
What is the account opening process?
You'll first be prompted to register using an email address or your Goog...
Can I open an account if my company is incorporated in the United States?
Yes — companies incorporated in the United States are now eligible to op...
What are the accepted nationalities and residencies for UBOs, Directors and Authorized Persons?
To comply with our internal policies and regulatory obligations, we only...
What if my company doesn’t have a website?
If your company does not have a website, don’t worry—this doesn’t automa...
Is my company's country of incorporation accepted for a Payset account?
To comply with regulatory requirements, we only accept companies incorpo...
What to do once your account goes live (new clients)?
First, congratulations on completing your onboarding! Your Payset accoun...
Why did I receive the notification "This phone number is already in use"?
You likely received this message because the phone number you used to se...
Are there any fees associated with opening an account?
Most Payset accounts, except those in high-risk industries and regions, ...
What if my country or currency is not yet supported?
Payset is constantly working with financial regulators to expand the ava...
How can I pay the account setup fees?
Most Payset accounts, except those in high-risk industries and regions, ...
Is my business eligible?
To fully determine the eligibility of your business, please fill out an ...
I have not received the account activation link.
If we sent you an account activation link and you did not receive it, pl...
What are the prohibited industries?
Payset supports business accounts across a wide range of industries.Duri...
What information is required to apply for an account?
The information required during our application process depends on the t...