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Onboarding

The enrollment service helps CentralPay Payment Service Agents and Business Introducers meeting their compliance and customer knowledge needs.

A number of downloadable documents are required during the enrollment process. These documents will make it possible to carry out pre-transaction customer checks (known as KYC – Know Your Customer), in accordance with the European anti-money laundering law. The list of required documents may vary depending on your country of incorporation.

Therefore Payment Service Agents and Business Introducers have the option of registering their customers in order to enable them to access the payment services they have developed.

To carry out these operations, CentralPay has designed a fully dematerialized enrollment service that can be remotely accessed from a dedicated portal accessible from a mobile or computer.

The enrollment service provides:

  • Collection of information and documents related to future account holders.
  • Verification of this information as part of our anti-money laundering and terrorist financing obligations.
  • The holder’s consent by electronic signature on service general terms of use and the pricing conditions of the Agent (or those of CentralPay for Business Introducers).

Summary of the documents asked and receipt thresholds :

Account status

Low risk

Medium risk

High risk

Individual

<10 K€

  • A color copy of an Identity document of the holder
  • A second color copy of an Identity document. It can be: ID card, driving license, passport (expiry + 6 months). Failing that, it can be  : national security card, latest notice of tax income or latest wage slip.
  • A copy of the IBAN with the same contact details as the holder, with a visible bank name.

> 10K€

Added to the documents already asked :

  • A proof of income collected by the holder : for example, a proof of ownership of the property rented, scripture of buy etc

 

Individual with status

<50K€

  • An extract from your local Register (not older than 3 months) or your VAT registration
  • A color copy of an Identity document of the director or the representative
  • A copy of the IBAN with the same contact details as the holder, with a visible bank name.

Between 50 and 100K€

Added to the documents already asked :

  • A second color copy of an Identity document of the director or the representative

>100K€

Added to the documents already asked :

  • Proof of address (less than 3 months)

Legal entity

<200K€

  • An extract from the Register of Companies (not older than 3 months) or a Certificate of Incorporation (Répertoire Sirène pour les associations)
  • A color copy of an Identity document of the director or the representative
  • The list of the ultimate beneficial owners (name, date and place of birth)
  • A copy of the IBAN with the same contact details as the holder, with a visible bank name.
  • Pour les associations : le dernier PV d’AG et l’extrait du journal officiel constatant sa déclaration en préfecture
  • Pour les associations reconnue d'utilité publique : la copie du décret en Conseil d’Etat reconnaissant l’utilité publique

Between 200 and 500 K€

Added to the documents already asked : 

  • The Memorandum of Association and an Article of Association, certified by a legal representative.
  • A color copy of an Identity document for each bénéficiaires effectifs ultimate beneficial owners.

>500K€

Added to the documents already asked :

  • The list of the persons who own 10% or more of the stocks or the rights to vote