BestPay24 applies merchant due diligence before activation and transaction monitoring throughout the relationship. This page summarises the approach. The full policy is available to merchants and partners on request.

Merchant due diligence

• Verification of company registration and ownership structure
• Identity and address verification of directors and ultimate beneficial owners
• Review of the merchant website, products and target markets
• Licence verification where the vertical requires one in the operating jurisdiction
• Sanctions and adverse media screening of the company and its principals

Ongoing monitoring

• Transaction monitoring for velocity, value and pattern anomalies
• Periodic review of merchant activity against the declared business profile
• Re-screening of principals against sanctions lists
• Suspension and reporting procedures for suspected illicit activity

Prohibited activity

We do not provide services to merchants dealing in illegal goods, operating in sanctioned jurisdictions, or using our services for money laundering or terrorist financing.

Questions about this policy can be sent to info@bestpay24.com.