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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 and Address
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) and other
applicable international authorities.
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.
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 and Affiliate Accounts
- 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
(NO mobile bills!,not older than 2 months)
Risk Profile:
Incoming Limit per month:
$1000
Rolling Reserve:
Not applicable in most cases |
Personal Prestige Account
- 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 (NO mobile bills!, not older than 2 months)
Risk Profile:
Incoming Limit per month:
$2500
Rolling Reserve:
Not applicable in most cases |
Merchant Account
- view the complete account
features
here
|
Email Verification;
Nothing else
Risk Profile:
Very High
SCI: Not
Allowed
Incoming Limit per month: $250
Account Features: Limited |
Email Verification
AND
FIRST do the
Pre-Application
check for TMX to approve your business model;
Signed Copy of
TMX
Merchant Agreement along with Clearly Scanned
Copies of the
Support documents listed
Risk
Profile:
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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