Because MOTO payments are riskier, yetipay has some solid compliance measures to protect both your business and your customers. We want to make sure only trustworthy businesses get to process MOTO payments!
For MOTO payments to be enabled we require:
Last six months of Processing Statements: If you've been using another payment provider, send us your last six months of processing statements. This helps us see your transaction history and any potential risks.
Last three months of Bank Statements for New Card Users: If you're new to card payments, we’ll need your last three months of bank statements. This lets us verify your business's financial stability.
A requested MOTO Limit : this is a limit per transaction, and should align with Card Not Present transaction values on your submitted processing statement. As payments over the phone are high risk, please request for a reasonable limit that can be justified through previous transactions (preferred) or current stock pricing and customer requests.
You'll need to complete an ID verification
Document Quality: Submit all files as high-quality PDF scans with the business name visible. These are more likely to be accepted than regular photographs and contribute to faster processing of your application.
Ready to apply?
Reach out to our support team here for your application.
Before starting your application, ensure that all required documents are scanned and prepared for upload. Use the specified portal or section for MOTO services and follow the on-screen instructions during the submission process.
Why Do We Need This Info?
Risk Assessment: We check your processing or bank statements to gauge your financial health and see if you have a solid payment history.
Fraud Prevention: Having a trustworthy transaction history helps keep fraudsters at bay.
Regulatory Compliance: These documents help us stay compliant with industry standards and protect everyone involved.
Protecting Yetipay’s Reputation: We want to keep Yetipay known as a reliable payment processor by only approving solid and stable businesses!
Our team should reach back to you around 3-5 working days after a submission of both the form and ID verification is made!