New vendors are often asked to complete a risk form, as well as provide a national identification card and international passport for each business owner. Requesting these documents serves to identify our vendors and to ascertain relevant information pertinent to doing financial business with them. Here is a step-by-step tutorial to completing the 2Checkout risk form:
As you may know, Congress passed anti-money laundering legislation, otherwise known as the Patriot Act, after the events of 9/11. The passage of the Patriot Act made it incumbent on 2Checkout to bolster our internal monitoring programs and implement Know Your Customer (KYC).
Know your customer (KYC) is the due diligence that 2Checkout must perform to identify our vendors and to ascertain relevant information pertinent to doing financial business with them.
What does this mean for you? When you open a 2Checkout account, we will ask you for information that will allow us to identify you. This may include but is not limited to: requests for copies of your driver’s license, passport, or other identifying documents. We may also ask for you to complete a ‘risk document; a form that allows us to gather additional information about you and your business.
If you have been asked to provide us with such documentation, you may send them to us either by attaching them in response to our email request, or you may fax them to our secure machine at 614-921-2451 Attention: Risk.
2Checkout’s privacy policy assures the security of your information.
2Checkout.com Risk Representatives regularly review accounts and associated websites for compliance to the Terms of Service every vendor agrees to upon opening a 2Checkout.com account. A TOS violation, if discovered, may result in the disabling of an account’s selling ability account pending resolution of the issue. In order to prevent any inconvenience or loss of business due to sales interruption I encourage all vendors to take the time to ask themselves these 10 questions to determine their Terms of Service compliance and ensure a long and profitable business relationship with 2Checkout.com!
2Checkout.com recommends all vendors periodically check the contact information listed in their account for accuracy. We advise scanning the information in your account every 3 months for any necessary updates.Keeping up to date contact information helps prevent:
Additionally, 2Checkout’s Supplier Agreement states:
B. Truthful Information.
All information and data Supplier provides to 2CO, or for which it engages a third party to provide to 2CO is complete, truthful, accurate, valid, the lawful property of the Supplier, and Supplier has the right to communicate such information.C. Verification
All email, domain, URL, physical address and telephone information provided by Supplier is complete and correct.
Information that is invalid or that presents excessive discrepancies may cause brief interruptions in your account status as we attempt to resolve them.
Taking a proactive role in the maintenance of your account information can help insure smooth, consistent daily operations for your account.
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