Know Your Customer (KYC) is a process used by banks to authenticate the identity of its clients. This procedure is used to ensure bank services are not being misused and to prevent identity theft, financial fraud, money laundering, and the financing of terrorism. This is required by European law, and our payment provider, MangoPay.

Before withdrawing your payments from your Wallet on inzpire.me, you'll first need to undergo the KYC process and offer some additional information to verify your identity.

To start the process, click the Wallet icon in the sidebar menu. Within the KYC Verification Required info box, select Start Verification.

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To verify your identity, you'll be required to provide one or more documents. The specific documents needed will vary depending on whether you are a Natural person, Sole trader or a Business:

Below you'll find more detailed definitions of each legal entity:

You're a private individual without a company.

How to do your KYC submission as a natural person
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You have a company, and you're personally liable for all aspects of the business, including any tax and financial debts.

How to do your KYC submission as a sole trader
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You have a company that's a separate legal entity, and your business is liable for any debts.

How to do your KYC submission as a registered business

When you send information to complete the KYC process, your data is not stored on inzpire.me. It's stored with our payment provider, MangoPay, who is an EU licensed and regulated financial institution.

MangoPay has security measures in place, which includes encryption and other measures, to guarantee the confidentiality and security of your data. You can read more about how your data is secured here.

Any questions? Feel free to send us a chat!