We apply the KYC process to build strong relationships between publishers on one side and Monetag on the other, and to make the payment process transparent.
What is KYC?
KYC stands for "Know Your Customer" and is a customer identification process that helps businesses determine the true identity and beneficial ownership of their customers. The KYC procedure includes providing documents to confirm identity and ensure compliance with international business standards.
Why does Monetag use KYC?
KYC stands for “Know Your Customer,” a customer identification process that helps businesses determine their customers’ true identities and beneficial ownership. The KYC procedure includes providing documents to confirm identity and ensure compliance with international business standards.
Monetag's partnership with Sumsub
To streamline and enhance our KYC process, Monetag has partnered with Sumsub, an all-in-one verification platform designed to help businesses meet compliance regulations worldwide. Sumsub is a trusted service specializing in KYC verification and ID checks. By partnering with Sumsub, Monetag can provide a secure and compliant service to all of our customers while maintaining a high level of transparency and trust.
What is ID verification?
ID verification is a document identification process that confirms that the provided ID document belongs to the person presenting it via a picture online. Government-issued documents such as passports, national ID cards, residence permits, and driver’s licenses can be used for this purpose.
What is an ID check for?
ID checks are required for a company to inspect documents, confirm a person’s real identity, and deter fraud attempts.
Our partnership with Sumsub keeps all the information secure throughout the KYC process. Your data is processed by Sumsub in accordance with its Privacy Notice and is not shared with unauthorised third parties.
You can find the Privacy Notice by following the link below:
https://sumsub.com/privacy-notice-service/
How does ID verification with Sumsub work?
Sumsub’s platform employs advanced technology to conduct ID verification. When a customer submits their document via photo or photographic scan, Sumsub analyzes it using a verified data set and biometrics and scans it for forgeries such as image manipulation, inconsistencies, and other signs of fraudulent activity. This automated identity verification process helps us confirm the user’s identity and comply with local regulations.
How the verification process looks:
In some cases, during the KYC verification of a Monetag customer's account, it might be required to process the check via the Sumsub service.
You will either be requested to verify your identity by clicking the 'Verify my identity' link when you log in to your Monetag account.
OR
You will receive an e-mail from Monetag.com containing a verification link
(the e-mail will be sent to the address your Monetag account is registered with)
Once you click the link, it will redirect you to the Sumsub service
To proceed with the verification, you should agree to the Consent to Processing of Personal Data by the service
Follow the required steps to complete the verification
(you may be asked to provide a picture of your passport, driver’s license, selfie, or other documents)
If the Sumsub verification is completed successfully, in 1-3 days you will see a notification in your Monetag account stating that your profile is verified.
If you need any assistance, feel free to contact our support team via e-mail support@monetag.com