PAYMENT FIELD NOTES
KYC and KYB
Checks of a person or business, including identity, ownership and eligibility. Incorporation country, residency, ID country and bank country can have separate rules.
What it means
Checks of a person or business, including identity, ownership and eligibility. Incorporation country, residency, ID country and bank country can have separate rules.
A practical example
A company incorporated in one country can have an owner living elsewhere and a payout bank in a third country. Each dimension may have a separate requirement.