Being a financial institution, Twispay requires specific documentation for evaluation purposes, in order for merchants to be able to process online payments.
The evaluation process confirms the legal form of the merchant, the identity of the recipients, and, where applicable, the licenses or approvals businesses are required to carry out their activities. The documentation checklist includes:
Articles / Memorandum of Association
Certificate of Incorporation (if applicable)
Recent Trade register extract – not older than 3 months
Copy of directors/principals' ID (in color)
Copy of utility bill for directors / principals - not older than 3 months
Copy of beneficial owner's ID (in color)
Copy of utility bill for beneficial owners - not older than 3 months
Company Bank reference / statement - not older than 3 months
Utility bill for company's registered office - not older than 3 months
Proof of Domain Ownership (or Whois disclosed)
In addition, it is necessary to complete and send the Merchant agreement, a step preceding the signing of the contract. Also, if you've processed online payments before, you'll need an excerpt from the last 3-6 months of your processing history. It will help us build an accurate commission. Note: Depending on a few factors of the trader's business type, the compliance team may request the delivery of other supporting documents. For further clarification, you can contact us anytime. To begin the enrollment process, you can start by create an account.