The procedure of compliance for new merchant application is described in detail as following:
World Payments Corporation will only accept payment to new Merchant after going through the Customer Due Diligence measures such as verification of identity, address, nature and location of business activity, profession, purpose of intended account, social and financial status, source of funds etc. Customer information and details collected at the time of account opening shall remain confidential and shall not be divulged except when required under the provisions of applicable laws and regulations.
Besides providing basic information and uploading documents directly on Dashboard. Only information and documents through Eligible Introducers (Intermediary) will be reviewed by WPC compliance team. Upon submission of such documents for the first time, the WPC will be advised of the status of request for account opening. Alternatively, the list of missing items will be provided accordingly.
All documents submitted to the World Payments Corporation (original or electronic copy) should be duly certified as true copy of the original. The certification must be in English or accompanied by a certified translation to English by an independent accredited translator and include wordings as “Original Seen” or “Certified True Copy”. In addition, please ensure that the full name, position, signature, contact details (telephone, fax, email & web address) as well as the company stamp must be clearly shown on the certified document.
Merchant first payment is approved based on scanned certified copies sent via Merchant Account Dashboard. However, originals will have to follow within 2 weeks as date of account opening.
To ensure that the latest details about the customer are available, the World Payments Corporation periodically update the Merchant data based upon the risk category of customers.
As such, the World Payments Corporation reserves the right to ask for any additional details/documents as and when required. This is just to confirm that the account is not being used for any Money Laundering/Terrorist/Criminal activities.
For any transaction violated terms and conditions as stated in Term of Service, WPC reserve right to interfere without advance notice to protect parties related and
The World Payments Corporation can decline the application of any prospective client and also exit relationship with any existing client without giving any specific reasons.