United Kingdom Application - What documents do I need?

This guide will help you understand what documents you need while filling in your application to operate in the United Kingdom.

Providing your Business details

As part of your application for payments with Worldpay for Platforms you will be asked to supply details of your business though our digital onboarding form.

What do we use it for?

We use multiple tools to verify the details of your Business and Controllers. In some instances, this method may help prefill some important information and save you time whilst applying. It also supports our legal and regulatory obligations to help prevent financial crime and ensure compliance with UK regulations.

What information do we verify?

• Company Legal Name, Trading Name and business details

• Details of your Directors, ultimate beneficial owners (UBO’s) and/or Controllers.

Business Banking Details

WorldPay for Platforms is required to verify your business’ bank account and confirm which accounts you want to use for settlements with us.

There are two main ways to verify your bank accounts:

• Electronic verification: This is where you will be provided a link to validate your business bank account details through Open Banking. (Preferred)

• Manual verification: This is where you will supply a copy of your business bank statement. If this isn’t available, we may accept a bank account opening letter.

Please ensure the document you provide is dated within 3 months. Your bank account details including Account Name, Sort Code and Account Number must be visible on the document you provide, and the Account Name must match the name of the legal entity you are applying for.

Pricing, Services, and Transaction Information

Worldpay for Platforms will require information pertaining to the products and services that you intend to process through our merchant facility. We have regulatory requirements to understand your business’ transactions processed through our platform.

You will need to provide:

• A description of the goods and services you provide

• A summary of your most common payment terms, including whether you accept payments in arrears or advance and if so, how many days in advance

• The average value of your transactions, and the highest single transaction amount you expect to process with us

• How many transactions/purchases do you expect to process in one month on average

Fees & Pricing

Worldpay for Platforms provides your business fee options displayed as a table, with a checkbox to digitally authorise you have seen the pricing before you submit your application.

Once you have completed your application, your Authorised Representative or director/s will receive a copy of the application, including your fees and pricing.

Authorised Representatives and Beneficial Owners

As part of verifying your business, we need to confirm the details of any individual who is:

• A Director or Authorised Controller of your business

• Any beneficial owner, with 25% or greater ownership in your business

Depending on your business setup, you may not have any beneficial owners (such as not-for-profit or charity organisations). If this is the case, you must provide details of your most senior managing official, such as a director or Authorised Controller.

Providing details of Owners, Directors, and Authorised Representatives

Worldpay for Platforms requires your Ultimate Beneficial Owners (those with 25% or more share in your company), Directors, and/or Authorised Controllers to provide their personal details and provide a form of identification to be able to proceed with your application.

To verify a person’s identity, we require the following:

• Full Name

• Date of Birth

• Residential Address

• Ownership % (if they are an Owner)

• Role in Business

A copy of identification is also required:

• Current passport or,

• Current UK Driver’s Licence

How do Worldpay for Platforms verify your current identification:

• UK Biometric Verification: If you hold a UK Passport or Driving Licence, you will be provided an SMS link to a 3^rd party software to enter your personal ID details, and you will be validated in real time.

• Manual ID Verifications: If you hold a non-UK Passport or if we are unable to validate your ID through our Biometric provider, you will be required to provide a copy of your Passport for manual verification.

Identification Guidelines

To verify your identity, please follow the prompts provided in the Biometrics SMS that you will receive.

Within the process you will be informed on what to look out for when capturing the images. We require an optimal image to help validate your identity.  

If there are any issues within the Identification process you will receive a notification to try again, like below.   

Once your identity has been captured successfully you will receive the flowing notice.

Application Acceptance

At the final stage of onboarding, Worldpay for Platforms requires a minimum of 1 director, owner and/or controller to sign and authorise your application for your business to receive financial services from Worldpay for Platforms.

Once this acceptance has been signed, a copy of our FSG, terms & conditions and a copy of your application form, will be sent via email.

Need Help?

If you require any assistance throughout the onboarding process, please reach out to our friendly account management team on 0800 011 3220.