In the same way an individual’s identity is checked and authenticated, so is the identity of the business.
Similarly, if the business cannot be matched against the Experian database (Companies House for Ltd companies), then the reseller will need to manually complete the Know Your Business process (KYB)
The Know Your Business (KYB) process requires the reseller, having checked the merchant’s proof of business, to write the following on the document:
“I certify this is a true copy and true likeness of the original document”.
The reseller must also complete the following, also on the ID:
Accepted proof of business for the merchant can include:
If you have any questions about the Know Your Business process, either leave a comment below, contact NetPay Customer Services on 0333 311 0200 or click here to email.
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