We provide a built-in KYC process to verify all of your merchants and prevent merchant fraud.
To minimize fraud Payyo flags, monitors and disputes transactions on your behalf.
Payyo is enabled by SIX, a PCI III compliant payment service.
The know Your Customer (KYC) process is a legal requirement to comply with financial services.
This also helps to prevent fraudulent merchants from abusing your platform creating a safer environment.
To adhere to KYC obligations, we collect and maintain information on all merchants that process payments via Payyo. We do this through a user-friendly, built-in KYC process that all your merchants need to complete before receiving payouts.
Our KYC process will only ask for the necessary information depending on whether your customer is a sole trader or a registered company.
We make it simple and easier for your clients to start receiving payouts with Payyo.
"Payyo helps us to empower our customers to accept all kinds of payments, no matter where they are in the world and at competitive credit card rates."
Get in touch now to talk to our team.