KYB (Know Your Business) is a standard verification process that helps confirm the authenticity of a business and its owners before providing access to financial services. This ensures a secure and compliant environment for all users, helping to safeguard against potential risks.
At XARU Cards, we prioritize a smooth and secure experience for our clients. KYB verification is an important step in setting up your company with our platform, ensuring seamless transactions and regulatory compliance.
How does the KYB process work?
The KYB process involves collecting and verifying key details about your company. This information is reviewed to ensure compliance with regulatory standards. Typically, the review process takes 2-3 business days. If additional information is required, our team will contact you for further clarification.
What information is required for KYB verification?
To complete the KYB process, you will need to provide the following details:
· Full Company Name
· Registration Number
· Type of Industry
· Business Description
· Purpose of Use of the Card
· Contact Information
· Estimated Monthly Card Spending Amount
· Company's Board Members (Directors)
· Company's Beneficial Owners
How long does the KYB verification take?
The KYB process generally takes 2-3 business days once all required documents are submitted. Delays may occur if additional verification is needed.
What happens after KYB approval?
Once your KYB verification is complete and approved, your company will gain full access to XARU Cards' financial services, allowing seamless transactions and efficient business operations.