Requirements

There are 2 stages to setting up seller accounts in the Nuvei for Platforms system:

  • Creation: only the name of the seller is required to create a seller account.
  • Verification: full KYC information and documents must be provided.

KYC information is required to be uploaded and processed in order to payout an accountHolder. Therefore, you can also collect documents and trigger the KYC process once an order has been placed and balance will be added to the accountHolders virtual account. However, please note that if KYC checks cannot be successfully completed for a seller, payouts cannot be executed for them.

To successfully complete the KYC verification the seller should provide the following fields in the accountHolder details:

Individuals

Documents

  • Copy identity document (straight): Passport
  • Copy ID (tilted) Passport

or

  • Copy identity document (straight): national ID card or Driving license
  • Copy ID (tilted) ID, Driving license
  • Copy identity document back (straight): national ID card or Driving license
  • Copy ID back (tilted) ID, Driving license
  • Copy of bank account statement or photo of debit card

Bank account documentation:

  • Screenshots are not accepted as proof of bank account ownership.
  • Only official bank documents are accepted (e.g. PDF bank statements, bank letters, or equivalent). A photo of a debit card is acceptable provided the account holder’s name and account number are clearly visible.

Information

  • Document type uploaded
  • Issuing country of identity document
  • Full name
  • Gender
  • Date of birth
  • Place of birth
  • Nationality
  • Address
    • Street (required for KYC)
    • HouseNumber (required for KYC)
    • Addition
    • City (required for KYC)
    • Zipcode (required for KYC)
    • Country (required for KYC)
  • Email
  • Phone number
  • IBAN

NOTE: NO selfie is required!

Businesses

Documents

  • Extract chamber of commerce/ articles of association/ Incorporation or alike
  • Validity: Documents must have been issued in the last 1 year. In case of incorporation documents older than 1 year, they must be accompanied by a statement that they are still correct and accurate.
  • The company documentation must identify the UBO(s).
  • For organizations that do not have traditional UBOs (e.g. federations, associations, foundations, etc.), the documentation must identify the authorized representative(s) of the organization (e.g. director, president, board member, secretary, etc.).
  • If the authorized representative is not identified in the company documentation, an additional signed letter confirming the individual’s authority to act on behalf of the organization may be required.
  • Copy of bank account statement. Bank account documents must:
    • Be issued within the last 6 months.
    • Clearly display the legal name of the company/entity.
    • Not show only the name of a UBO, director, authorized representative, or other individual (such documents are not sufficient).
    • Not be screenshots — screenshots are not accepted.
    • Be official bank documents only (e.g. PDF bank statements, bank letters, or equivalent official documents).

Information

  • Full name of the business
  • type (should be businesss)
  • IBAN
  • Registration number
  • Full registered address

For the UBO’s

  • Full name
  • Nationality
  • Address
  • Date of birth
  • Place of birth
  • Nationality
  • Proof of identity