Steps to get your account verified.
You need to submit your KYB application and receive account approval before transacting and collecting payments.
The ability to transact and collect payments before KYB approval is only available to accounts in the UK and EU.
If your account is in the UK or EU, you can collect payments totaling $2,500. Once you have reached that limit, you will not be able to collect additional payments.
Once your KYB questionnaire is submitted and approved you will be able to transfer the funds you collected to your bank account, remove account limits, and utilize additional Rapyd Products.
What documents do I need to provide to complete KYB and fully activate my account?
- The required documents will vary from country to country and by the requested services. You might be asked to provide documents such as articles of incorporation, organizational structure, proof of address and etc.
Once I complete the KYB, how long is the waiting period until I am approved?
- Our compliance review and approval can take up to 30 days. You can start collecting payments from your customers right away if you are in the UK or EU. For applicants located in other countries, you will have to wait until your account receives KYB approval before collecting payments from customers.
How can I change my questionnaire after it has been submitted?
- Once you submit your application, it won’t be possible to make any changes to it.