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Member Identity verification has
everything to do with Member Identity,
Business legitimacy and Risk levels. We
only deal with legitimate people and
operations that are in compliance with such policies!
KYC Policy - Proof of Identity
We comply with international
KYC (Know Your Customer) policy
requirements. Member verification
is mainly to prevent Member Identity Fraud, Payment
Fraud and Money Laundering
as is required by SOCA
(http://www.soca.gov.uk/) and Internet Crime
Complaint Centre (http://www.ic3.gov)
This identification policy requires either original documents from
Members or clearly scanned copies of the originals sent by email to
Proof Identity and Address. *In certain cases, document certification
by a legitimate Public Notary may be required if the scanned
documents submitted do no meet our security criteria
Your Account Status
The account type status will be
shown on the system on the Overview page as follows: Personal (UV)
= Unverified or Personal (V) =
Verified
You may upgrade the account
type to
a
"Verified" status at anytime- see the below requirements.
| Account Type |
Unverified
Status |
KYC Verified
Status |
Personal Account
- view the complete account
features
here
|
Email Verification;
Nothing else
Risk Profile:
High
Receive Payments Limit per month: $250
Account Features:
Limited
|
Email Verification
AND
Clearly Scanned Copy of Owner ID /
Passport (not drivers license);
Clearly Scanned Copy of Utility Bill as Proof of
Address
Risk Profile:
Low
Incoming Limit per month:
$1000
Rolling Reserve:
Not applicable in most cases |
Personal Prestige
- view the complete account
features
here
|
Email Verification;
Nothing else
Risk Profile:
High
Incoming Limit per month: $250
Account Features: Limited
|
Email Verification
AND
Clearly Scanned Copy of Owner ID /
Passport (not drivers license);
Clearly Scanned Copy of Utility Bill as Proof of
Address
Risk Profile:
Low
Incoming Limit per month:
$2000
Rolling Reserve:
Not applicable in most cases |
Merchant Account
- view the complete account
features
here
|
Email Verification;
Nothing else
Risk Profile:
Very High
SCI:
Allowed with below processing
limit
Incoming Limit per month: $250
Account Features: Limited |
Email Verification
AND
Signed Copy of this
Merchant Agreement along with Clearly Scanned
Copies of the
Support documents listed;
Risk
Profile: Determined during
Verification process
SCI:
Allowed
Incoming Limit per month: $500
000+
Rolling Reserve: Depending on
Verification Risk Score
(usually between 10-15% for
180 days))
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