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Required verification information for US businesses

Business information

If your business is registered in the US, you must provide the following information:

  • Legal name
  • Trading name
  • Legal entity type
  • Registered address
  • Principal address
  • Employee identification number (EIN)
  • Financial information – annual processing volume, highest transaction value, average sales price
  • Company ultimate beneficial owner's (UBO) personal information and proof of identification
  • Authorized signatory

Authorized signatory and ultimate beneficial owner

You must assign one representative as an authorized signatory. An authorized signatory is the key decision-maker for the business. The assigned authorized signatory may also be a UBO. Therefore, two possible role combinations are:

  • An authorized signatory who is a UBO, and up to three other UBOs, or
  • An authorized signatory who is not a UBO, and up to four UBOs

If you are a sole trader registered in the US, you must provide the following information:

  • Your first and last names
  • Trading name
  • Social security number (SSN)
  • Registered address

Bank account information

You must add a bank account to get paid, regardless of your business type.

For example, if you are adding a US/USD bank account, you must provide the following information:

  • Account number
  • Bank code (routing number/ABA routing number)
  • Bank account document

Acceptable document types for verification document uploads

Each uploaded document must meet certain standards to be accepted for verification:

Document types Valid document types Document standards
Identity document
  • Passport
  • US government identity card (with photo)
  • Valid US driver license (with photo)
  • Cannot be a photo of a photo – for example, a photo of a document on a computer screen
  • Must be clear and large enough to read – fuzzy documents are not accepted
  • Must be in color – no black-and-white scans
  • Must be complete – for example, all four corners must be visible
  • Must not be expired
  • Must not be forged
Company document
  • Employer Identification Number (EIN) letter
  • Certificate of Incorporation (CoI)
  • Memorandum of Association (MoA) or Articles of Association (AoA)
  • Ownership structure (if not found in MoA or AoA)
  • Cannot be a photo of a photo – for example, a photo of a document on a computer screen
  • Must be clear and large enough to read – fuzzy documents are not accepted
  • Must be complete – no trimming of document

Bank account document
  • Bank statement
  • cannot be a photo of a photo (for example, a photo of a document on a computer screen)
  • must be clear and large enough to read (fuzzy documents are not accepted)
  • must be complete (no trimming of document)
Proof of address document (if needed)
  • Valid US driving license (with photo)
  • Property tax receipt
  • Posted mail with name of customer
  • Utility bill (for example, gas, electric, water, or fixed line telephone)
  • Lease agreement or mortgage statement
  • Bank or credit card statement containing name and residential address
  • Insurance policy containing name and residential address
  • Cannot be a photo of a photo – for example, a photo of a document on a computer screen
  • Must be clear and large enough to read – fuzzy documents are not accepted
  • Must be complete – no trimming of document

 

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