Enrolling sellers
Your marketplace has a legal obligation to know its vendors: this is done through KYC (Know Your Customer) obligations.
The enrollment of a seller (registration) is the process of verifying and analyzing the documents and information provided by the operator and then validating the entry into the business relationship.
Seller declaration occurs in two steps:
- Retrieving detailed information about them and collecting KYC documents.
- Once the seller has been declared, Lyra Collect proceeds to reviewing the documents in order to determine whether the request of entry into a relationship will be accepted.
Seller onboarding is performed through our dedicated API
A non-exhaustive list of supporting documents will be required for the enrollment of the marketplace and its sellers:
