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What does the KYC step involve?

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Written by PonchoPay Support
Updated this week

This is a required step to enable card guarantee, accept card payments and to receive payouts.

During the KYC step, you will be asked to share the following information:

  • Basic business details, such as the company structure, the company's legal name, and registered address.

  • Basic information on the decision-makers of the business (please remember to add at least one signatory), such as name, date of birth and address.

  • Payout bank details.

You will also be asked to review and sign the required documents, namely the services agreement and the PCI DSS questionnaire.

Once you have your PonchoPay account, you can complete your KYC check by following the steps below.

  1. Login to PonchoPay

  2. Go to "Payment account" under "Settings". This should start the KYC process for Adyen. If helpful, please see a short demo here. It is for Germany but the UK process is similar.

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