What are the setup requirements for Checkout.com?

Setting up an account with Checkout.com involves several key requirements to ensure a smooth onboarding process. Firstly, businesses must provide essential information, such as their legal business name, address, and contact details. It is important to have documentation that verifies the business entity. This may include a certificate of incorporation, business registration documents, and any relevant licenses or permits depending on the jurisdiction and industry. Next, businesses need to grant information about their operational model. This includes details regarding the products or services they offer, their target markets, and the payment methods they intend to accept. Checkout.com also requires compliance with Know Your Customer (KYC) regulations, which means that the business will need to submit identification documents for its owners or key stakeholders, such as passports or national ID cards. Moreover, the technical setup involves integrating Checkout.com’s payment processing platform with the business's website or application. This typically requires some level of technical expertise, especially to implement application programming interfaces (APIs) effectively. It is recommended to consult the resources available on the Checkout.com website for comprehensive guidance on the setup process and any specific regional requirements.