Submit KYC

Once you Sign in, you must complete the KYC process to enable live mode.

1. Click Submit KYC button on the Dashboard and complete the KYC process.

To generate test merchant ID, API key and Secret key submit business information.
You cannot receive real payments till your KYC is verified.
You need to submit KYC details, a Processing agreement, and financial information as part of the KYC information.

Submit KYC details

To complete KYC details, you must submit Business Information, Ownership Information, Other Information, Financial Information, and a Boarding form.

1. In the Business Information tab, enter the following information regarding your business.

a) Business legal name: Enter your Business legal name. For example, Utilli, LLC.

b) Sub-merchants DBA:

c) Website URL: Enter your website/app URL. For example, https://utilli.com

d) U.S Corp ID: Enter an eight-digit numeric U.S Corp ID

e) Address

o Address

o Country: Select the Country.

o State: Select the State.

o City: Select the City.

o Zip: Enter a five-digit Zip code.

Click Save & Next.

2. In the Ownership Information tab, enter the information about people working in your business. You can register Multiple owners. The ownership information tab will display the Primary Name, SSN, %Ownership, and Action. Click Save & Next.

To add an owner, Click on the “Add” button in the upper right corner of the screen. In order to complete adding the owner, add "personal information", "address" & "upload ID".

3. In the Other Information tab, enter the following information regarding product descriptions and marketing.

a. Describe Sub-Merchant Primary Line of Business

b. Anticipated Annual Sales Volume (1st Year) for Bankcard Sales?

c. Average Ticket Size (What is the average transaction amount)?

d. Explanation of order taking and Fulfillment Process

4. In the Financial Documentation tab, you can proceed with or without the ticker Symbol.

Proceed with Ticker Symbol

Proceed with the ticker Symbol if the financial documentation of your company is public.

a. Click on Proceed with Ticker Symbol.

b. Agree to share my details with a third-party provider to complete the KYC.

c. Click Save & Next button.

Proceed without Ticker Symbol

If you want to proceed without ticker symbol, please provide the following information.

a. Enter the Type of business

b. Products or services sold

c. Background information on principle

d. Listing of key management (upload resume or bio),

e. Upload Corporate Overview, Investor Presentation, or sales presentation deck, two years of fiscal year financial statements, Interim financial statements, Merchant Processing Statements, 3-year P&L Projections.

Click Save & Next.

Type of business	Description
Corp	A corporation is legally a separate and distinct entity from its owners. An individual or group may create a corporation with a shared goal. That does not always involve making a profit. Examples: non-profit organizations, municipal, professional, and business.
LLC	A limited liability company (LLC) is a US-specific form of a private limited company. LLCs do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.
Partnership	A partnership business, by definition, consists of two or more people who combine their resources to form a business and agree to share risks, profits, and losses. Examples: law firms, physician groups, real estate investment firms, and accounting groups.
LLP	LLP is an alternative corporate business form that gives the benefits of the limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners.
Sole Proprietorship	A sole proprietorship is a business that can be owned and controlled by an individual, a company, or a limited liability partnership. There are no partners in the business. The legal status of a sole proprietorship can be defined as follows: It is not a separate legal entity from the business owner.

In the Boarding Form tab, select Boarding Type, Legal Information, IRS Information, DBA & MID, DBA Address, Bill to Location, and DBA Address. Click Submit.

This will successfully submit the KYC information for verification. Post successful verification, Processing agreement & Financial information to be produced.