All you need to do to become one of our partners is registering account at our homepage and complete the World Payments Corp Compliance Documents Checklist. With just few steps, you can help yourself to test, integrate and request to upgrade LIVE version for WPC payment Gateway through the Dashboard.
More specifically, in case that payment provider considers vendor as a prominent client, we would give that vendor the pre-approval. It doesn’t guarantee that vendor will definitely be accepted, but it is still very good news for both sides. Also it is a good stage to tell vendor preliminary financial conditions prestige. After this step, World Payments Corp will know more about your business and help you with your payment solution before proceeding to the next step.
When pre-approval is reached, vendor has to go through “KYC-stage” (Know Your Customer stage). Basically, the information in pre-check form is stated but not yet proven, so acquiring bank needs to be sure that provided information is real. That is why vendor is asked to provide company documents along with some business statements and application forms. Moreover, detailed information allows to understand better the business structure and estimate risk factor.
While filling in the online form, please take a note that the provided information has to be confirmed with provided documents. For your convenience every part of World Payments Corp application form is shown separately with corresponding explanations. Please notice that the information in the form was typed as an example, so all possible resemblance to real persons or companies is completely coincidental. But it may help you to realize how to fill certain fields of the form using the pattern. The application form includes more details in many fields to fill in so we could understand better vendor’s inner information including owner's’ personal information. This information is only collected according to acquiring bank’s underwriting process and completely confidential. Sometimes companies have quite complicated layout and at the first glance it is not clearly understandable about who is an ultimate beneficiary owner (UBO) or how many companies are involved in, so the more precise information is the better.
Along with the online application, you may be asked to provide any of the following information when completing your underwriting process:
It takes around 2 weeks for vendor to accept the first payment provided Compliance Documents Checklist is approved. However, this period can be shortened after World Payments Corporation has a record of your business Transaction History. Each business is considered on a risk basis and the terms that are offered will reflect the risk involved in supplying your business with a vendor account.
During the underwriting process, World Payments Corp’s account managers would help vendor to appropriately prepare the documentation package, so the process would become easier and all you need is just scanning your documents and allow us to sort them.