The data and documents required for the KYC process are based on the Portuguese regulation “Aviso do Banco de Portugal no. 5/2013”. The fields for registering a Submerchant type “Individual Person” are listed below.

The onboarding of Submerchants must be carried out by the Marketplace Operator, via API or manually in SIBS Backoffice, The Acquirer of the solution will have access to all the information and documentation needed for the KYC process also via API or SIBS Backoffice.

Personal data

• Taxpayer Identification Number (TIN) / Fiscal number
• Name
• Date of birth
• Birth place
• Nationality
• Profession
• Employer
• IBAN
• BIC
• Permanent Residence address: Location, ZIP code, Country
• Tax address, if different from Permanent Residence address: Location, Zip code, Country

General data

• Taxpayer Identification Number (TIN) / Fiscal Number of the company, if different
• Denomination
• Object
• Headquarters address, if different from the other addresses: Location, Zip code, Country
• Email
• Telephone

Identify documents

This information must be entered per each nationality, if the Individual Person has more than one nationality.

• Full name
• Type of identification document
• Number of the identification document
• Issuing entity of the identification document
• Date of issue
• Expiration date
• Copy of Identification Document(s)