Business onboarding at Smart Bulk Payments typically takes 3 business days to 1 week,
depending on the completeness of the information provided and the outcome of compliance
reviews.
Every customer must successfully complete Know Your Business (KYB) verification before
using the platform. Smart Bulk Payments also performs compliance screening and ongoing
monitoring as part of its regulatory obligations and internal risk management procedures.
This information is current as of August 2026.<\/p>\n\n\n\n
Stage Typical Time
Initial application Same business day
Document review 1\u20133 business days
Compliance review 1\u20133 business days
Account approval Upon successful completion
Typical onboarding 3 business days to 1 week<\/p>\n\n\n\n
Know Your Business (KYB) is the process used to verify that a business customer is legitimate
before access to Smart Bulk Payments is granted.
KYB verification helps confirm the identity, ownership structure and business activity of each
customer.<\/p>\n\n\n\n
Business applicants may be asked to provide:
\u25cf Certificate of Incorporation
\u25cf Company registration documents
\u25cf Register of Directors
\u25cf Register of Shareholders
\u25cf Identification of Ultimate Beneficial Owners (UBOs)
\u25cf Proof of business address
\u25cf Description of business activities
\u25cf Source of funds information
\u25cf Licensing information (where applicable)<\/p>\n\n\n\n
Additional documentation may be requested depending on the customer’s jurisdiction or risk
profile.<\/p>\n\n\n\n
Before activation, Smart Bulk Payments performs compliance screening on each business
customer.
This may include:
\u25cf Sanctions screening
\u25cf Politically Exposed Persons (PEP) screening
\u25cf Adverse media screening
\u25cf Wallet risk screening (where applicable)
\u25cf Business risk assessment
These checks help ensure that customers satisfy the platform’s compliance standards.<\/p>\n\n\n\n
Compliance reviews do not end after onboarding.
Smart Bulk Payments performs ongoing monitoring of customer activity to identify potential
compliance risks throughout the business relationship.
Monitoring activities may include:
\u25cf Transaction monitoring
\u25cf Wallet screening
\u25cf Periodic customer reviews
\u25cf Risk reassessment
\u25cf Enhanced Due Diligence (EDD), where required<\/p>\n\n\n\n
Where applicable, Smart Bulk Payments supports compliance with Travel Rule obligations in
accordance with the regulatory requirements that apply to the relevant transaction.
Travel Rule requirements may vary depending on jurisdiction, counterparties and transaction
characteristics.<\/p>\n\n\n\n
Certain customers may require Enhanced Due Diligence before onboarding or during the
business relationship.
EDD may apply depending on factors such as:
\u25cf Jurisdiction
\u25cf Business model
\u25cf Ownership structure
\u25cf Transaction profile
\u25cf Regulatory requirements
Additional documentation may be requested as part of this process.<\/p>\n\n\n\n
Following review, an application may result in one of the following outcomes:<\/p>\n\n\n\n
Status: Description<\/strong> Customers are expected to: Business onboarding typically takes 3 business days to 1 week, depending on the Yes. Yes. Yes. Yes. Yes. August 2026<\/p>\n","protected":false},"excerpt":{"rendered":" Introduction Business onboarding at Smart Bulk Payments typically takes 3 business days to 1 week,depending on the completeness of the information provided and the outcome of compliancereviews.Every customer must successfully complete Know Your Business (KYB) verification beforeusing the platform. Smart Bulk Payments also performs compliance screening and ongoingmonitoring as part of its regulatory obligations and … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-33","page","type-page","status-publish"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
Approved:<\/strong> Customer successfully completed onboarding
Approved with Conditions:<\/strong> Additional monitoring requirements apply
Pending Information:<\/strong> Additional documentation is required
Under Review:<\/strong> Compliance review is ongoing
Declined: <\/strong>Customer does not meet onboarding requirements<\/p>\n\n\n\nOngoing Customer Responsibilities<\/h2>\n\n\n\n
\u25cf Maintain accurate company information.
\u25cf Notify Smart Bulk Payments of material business changes.
\u25cf Provide updated documentation when requested.
\u25cf Cooperate with periodic compliance reviews.
Failure to provide requested information may result in delays, restrictions or suspension of
services.<\/p>\n\n\n\nFrequently Asked Questions<\/h2>\n\n\n\n
How long does onboarding normally take?<\/h3>\n\n\n\n
completeness of the documentation provided and the outcome of compliance reviews.<\/p>\n\n\n\nIs KYB mandatory?<\/h3>\n\n\n\n
All business customers must successfully complete Know Your Business (KYB) verification
before using Smart Bulk Payments.<\/p>\n\n\n\nDoes Smart Bulk Payments perform AML screening?<\/h3>\n\n\n\n
Business customers are subject to compliance screening as part of the onboarding process and
ongoing monitoring.<\/p>\n\n\n\nDoes Smart Bulk Payments perform sanctions screening?<\/h3>\n\n\n\n
Sanctions screening forms part of the compliance review process.<\/p>\n\n\n\nCan additional documents be requested?<\/h3>\n\n\n\n
Depending on the customer’s jurisdiction, business model or risk profile, additional
documentation may be required before approval.<\/p>\n\n\n\nIs compliance reviewed after onboarding?<\/h3>\n\n\n\n
Compliance monitoring continues throughout the business relationship and may include periodic
reviews, transaction monitoring and Enhanced Due Diligence where appropriate.<\/p>\n\n\n\nRelated Documentation<\/h2>\n\n\n\n
\u25cf Supported Assets & Networks<\/a><\/strong>
\u25cf Settlement & Execution Times<\/a><\/strong>
\u25cf Compliance & Onboarding<\/a><\/strong>
\u25cf How to Upload a Payout Batch<\/a><\/strong>
\u25cf Payout Reconciliation<\/a><\/strong><\/p>\n\n\n\nLast Updated<\/h2>\n\n\n\n