KYC and Online Payment Processors

I have a quick tip for you all starting out in the online business world. There will be a point, usually right at the beginning where you will need to sign up with an online payment processor, whether it be Paypal, Payza, OKPay etc..

You will need to go through the KYC (Know Your Customer) procedure.

This will vary depending upon the payment processor you are setting up an account with.

They basically need to know it is you that is setting up the account by providing the following:

  1. A photo of yourself
  2. A photo of your proof of id, i.e. passport, drivers licence or id card
  3. Proof of address by providing either a bank statement, utility bill, credit card statement, mobile phone bill etc..

As you may know your bank now offers you the opportunity to receive “paperless” statements i.e. either receive your latest statement via email or you can download it via your online account. The same for utility companies.

This is where many people fall down, myself included.

The payment processors will not accept these paperless statements as proof of address, despite what your bank and utility company tell you. You have to provide a scanned paper copy of these documents.

So you’re going to have to ditch your “eco friendliness” credentials and ask for statements and bills via the traditional postal route.

Don’t be a vulture

Don’t be a vulture!!!

I’m not going to name any businesses in this post, you can draw your own conclusions.

This isn’t the point of this post.

I see a pattern repeating itself here. A business goes through a major change for one reason or another.The vultures are just circling round waiting to pounce on those that have been hit hard by a major change.

Instead of leaping in and thinking you are being “a knight in shining armour” by pointing people to your business opportunity.

Take a moment to think, these people are not in the right frame of mind to make a decision about what they’re going to do in the future.

Back off and give them room to breathe.

These people may not even have the funds to get involved in your business, unless you are in a position to pay it forward to get them started.

So be an ethical marketer and not be a vulture.

TAP launches 3rd January

The Advert Platform
Image courtesy of Francisco Linares

TAP (The Advertising Platform) launches on 3rd January 2017.

If you have purchased MAP 2.5 credit packs, these will be automatically be transferred over to the new platform.

Until the next time 

Have an awesome day 

Richard

Not good for business

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Many bang on about what is “good for business.”

In this blog I’m going to tell you what I think is bad for business and it can undermine everything that you have ever built.

Do not take to social media and “badmouth” another business.

Even worse when a business goes through a troubled time whether it be change of management, technical issues, there are some people who were involved in the business have decided for what ever reason that they no longer want to affiliate themselves with that business.

Unfortunately some people make the fatal mistake of bashing the company they’ve decided to stop promoting, or they start to mock it and take to social media to tell everyone their disdain at that company.

If you perceive yourself to be a leader and you find yourself in a position that you feel is untenable and you no longer feel comfortable promoting a certain business. Be gracious and keep your mouth shut and move on.

Until the next time

Peace Out

Richard