KYB Onboarding Guide

Introduction

This guide outlines the Know Your Business (KYB) onboarding process for corporate clients using the Paybis Corporate Ramp. It covers two scenarios:

• End-to-end corporate client verification via Sumsub on Paybis' end.
• Manual verification by document exchange between the Partner and Paybis.

Scenario 1: End-to-End Verification via Sumsub by Paybis

This scenario is applicable when the partner has not previously performed KYB checks on their corporate clients with the following user flow:

• The user logs in to the Corporate Ramps and a corporate user account is created.
• The user obtains and confirms a quote for a transaction.
• The user enters their crypto wallet address.
• KYB verification is triggered, and the Sumsub widget opens.
• The user completes the verification process within the Sumsub widget, providing necessary information and documents.
• Paybis receives the verification results from Sumsub and approves/rejects the user's KYB status accordingly.

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Note:

• Paybis requests information and documents about the company (statutory documents) and its Ultimate Beneficial Owners (UBOs).
• The required documents vary depending on the company type and jurisdiction.

Scenario 2: Shared (manual) Verification by Document Exchange

This scenario is applicable when the partner has already performed KYB checks on their corporate clients and is willing to share the KYB data with Paybis with the following user flow:

• The user logs in to the Corporate Widget and a corporate user account is created.
• The user obtains and confirms a quote for a transaction.
• The user enters their crypto wallet address.
• A simplified KYB verification process is triggered, which includes a confirmation for the user to consent to KYB data transfer to Paybis.
• The partner shares the user's KYB documents with Paybis.
• Paybis manually uploads the documents to Sumsub and marks the applicant as verified.
• The user can proceed with their transaction in the widget.

Verification Scenarios by Partner Types

• Shared Verification: Suitable for EMIs who have already performed KYB checks on their clients.
• Paybis Verification: Suitable for crypto companies working primarily with individual/retail users (e.g., cryptocurrency exchanges, wallets).

Important Notes

• Ensure compliance with data privacy regulations when sharing KYB data.
• Maintain clear communication with partners regarding the KYB process and data requirements.
• Provide support and guidance to partners throughout the integration process.

This guide provides an overview of the KYB onboarding process for corporate clients using the Paybis Corporate Ramps. By following these guidelines, Paybis and its partners can ensure a smooth and compliant onboarding experience for corporate users.