KYB (Know Your Business) is an essential step to ensure the security and compliance of your financial transactions.
For CargoWALLET, KYB comes into play when users want to initiate a Pay Out, that is transferring funds from their Wallet to an External bank account.
Why KYB for Pay Outs?
To maintain the highest standards of security and compliance, while ensuring that funds are being transferred to the correct destination.
What KYB Documents are Required?
You can refer to this article for What documents are required to complete my KYB process?
How to Submit KYB Documents?
Fill out the KYB FORM
Processing Time
KYB process takes 24Hrs (1 Day), provided all required documents are submitted correctly and in full.
KYB is crucial for a seamless Pay Out experience.
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!