What KYC Document Are Needed For Merchant Account Providers In Hong Kong

QuestionsCategory: Payment ProcessingWhat KYC Document Are Needed For Merchant Account Providers In Hong Kong
Maurya Shubham Staff asked 2 months ago
1 Answers
Naman Verma Staff answered 1 month ago

For a merchant that is operation their business in Hong Kong and looking for payment processing solution, it is necessary to have a proper set of KYC documents to get a merchant account with a provider.
Some of the KYC documents required are as follows:

  • Business Registration Documents
  • Owner Identity Documents
  • Processing Statements
  • Business Model (Vital in the case of a startup)
  • Bank statements for both business as well personal
  • Latest Utility Bills

There may be requirement of more documents depending upon the type of business and the payment processor which varies from case to case. That is why it is required for a merchant to provide timely response over the queries raised by the payment processor so that the merchant can get faster approval and payment processing solution.