This guide continues from Part 1: Getting started with payments.
Verification Process for Companies
Verification, also known as Know Your Customer (KYC), ensures identity authenticity. This step is mandated by all banking service providers to combat financial crimes.
Start Verification
Click the "Start Verification" button. This will take you to a page showing an overview of the verification process. Start with the Company details and work your way through the list.
Company Details
This section contains the following steps:
Enter legal name of your company (the way it is registered with the authorities).
Select your company type.
Enter the company number and, if applicable, your VAT registration number. If you are not registered for VAT, make sure to tick the box for "I don't have a VAT number" and select one of the available reasons.
Sate your business' address as it appears on your company's official registration documents.
Lastly, you need to verify your business by uploading two documents:
Registration document: an official document to verify your organisation’s details.
Tax document: an official document to verify your organisation’s tax details.
Decision-makers
The next step is to add the decision-makers in your company. There are four types of decision-makers:
Owner: someone who owns 25% or more of the company, through voting rights, equity, or similar.
Controlling person: someone authorised to make major business decisions. They may or may not be an owner.
Signatory: someone with authority to sign official documents on behalf of the company. Usually a signatory is also an owner or a controlling person.
Director: someone appointed to manage a company's business and affairs. Who your directors are can be found on the companies register.
Payment Details
This is the fun step 🎉 Here we need information on where to deposit your revenue.
⚠️ It's important that the legal entity that owns your bank account matches the legal name of the company you registered in the company details step. If it's not, go back and make the necessary changes.
Firstly, choose your verification method. We recommend instant verification via mobile banking app or website.
Follow the guided steps to complete this part.
Final steps
Now all that's left is to sign the agreements and you're ready to take payments.
Sign the Service Agreement: This is the agreement between your company and our payment service provider, Adyen.
Sign the PCI DSS document: this stands for "The Payment Card Industry Data Security Standards (PCI DSS)" and are global requirements that aim to protect cardholder data and have to be fulfilled by every company that deals with card payments.
The verification process typically takes 1-3 days, and you will be notified via email upon completion.
Continue to Part 3: Configure Payments for Your Clinic.
For further assistance, contact us via the chat window or email [email protected].