Reseller legal info explained
Why we need to verify your identity and banking details before you can become a certified Yoco reseller.Back to Reseller page
Why do you need to verify my identity?
Yoco is a financial institution that helps business owners get paid. We're responsible for our customers' money. It's a responsibility we take very seriously.
We need official confirmation of your identity because we have to comply with the strict laws and regulations that govern how financial institutions operate.
Legitimacy and transparency are super, super important.
We don't share your personal details with anyone. They're for legal purposes only.
The Onfido technology we use to verify your ID makes the process as quick and convenient as possible. No printing or scanning necessary.
All you need is your official documents and your phone.
Okay. So why do you also need my banking details then?
So that we can pay you!
Verifying your bank account is important because when it's time for you to get paid, we need to make sure your money's going to the right place.
It's that simple.