To initiate the Pay Out process for CargoWALLET, you'll need to go through our KYB (Know Your Business) procedure.
Here's a checklist of the documents we require:
Business Registration Documents
Document Displaying Share Ownership, Directors, and Officers
Operating Address Proof (dated within the last 6 months):
Bank and government letters
Utility and telecom bills
Tenancy agreement, etc.
IDs of all Ultimate Beneficial Owners (UBO) holding 25% or more shares
IDs of all Directors
Authorized Representative ID and Proof of Address
Website of the Business Entity
Additional documents may be requested on a case-by-case basis.
Your KYB process typically takes 5-7 business days, provided all required documents are submitted correctly and in full.
Please remember that the successful completion of KYB is a prerequisite before you can use our Pay Out feature. If you have any questions or need assistance, our support team is here to help at support+wallet@cargoai.co.
We hope you find this article useful!