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The list of documents to verify the account

We offer two types of PayDo account – for legal entities and individuals. During verification, you can select the desired type of account or verify both and use them simultaneously, switching between accounts in a personal profile.

For individuals, we offer European IBAN requisites, to pay in euros with your name as a payment sender/receiver, and an additional multicurrency IBAN.

For corporate clients, we offer European IBAN requisites with your company name as a payment sender/receiver as well as an opportunity to open a merchant account with the international acquiring Visa/Mastercard assistance.

You can apply for IBAN and a merchant account simultaneously, in one application.

Depending on the chosen account type: Business or Individual, it is necessary to offer different document packages for verification.

To verify a Business account it is required to offer:

  1. A document, confirming the state registration of the company, that indicates:
  2. Name;
  3. Company registration number;
  4. Registration date;
  5. Company address.
  6. A document confirming ownership, that indicates:
  7. Company name;
  8. The owner(s) of the company;
  9. The number of shares in the authorized capital of the company.
  10. If the company is registered in a country where there is a requirement for the payment of the authorized capital, it is necessary to provide a document confirming its payment.
  11. If the business type of the company is a subject to compulsory licensing, you must provide a license.
  12. If the founders of the company include a legal entity, then additionally it is necessary to provide registration documents of the founder and the ownership structure signed by the beneficiary of the company.
  13. If the company or the beneficiary (director / manager) is not located in the European Economic Area, it is additionally necessary to provide a document confirming the origin of the beneficiary’s funds prior to the opening of the company.
  14. If the company at some stage has a nominee director, beneficiary or shareholder, then it is necessary to submit a trust declaration or an agreement on the provision of nominee services.
  15. For each director, founder and beneficiary, it is necessary to provide proof of identity and documents of residence, resume or links to social networks (Linkedin).

To verify a Personal account you need:

  1. A scan of an identity document: passport, ID card or driver’s license;
  2. A document confirming the place of residence (not older than three months from the date of issue): scanned payment of utility bills (excluding bills for telecommunications services and the Internet), bank statement or other document issued by a government agency; scan of the page with registration from the passport, provided that the address matches those indicated in the driver’s license;
  3. Selfie with an identity document provided for verification;
  4. Links to social networks or CVs.

We can ask for additional information or request additional documents for verification.