Can we propose our own payout provider? How long does due diligence take and are there any extra costs associated? What is required of us and from the payout provider?

Yes, you can propose your own payout partner. As pointed out in this FAQ, the process can be anywhere from 3 weeks to 6 weeks (depending on how busy the solution providers are). The due diligence can easily take 3-4 weeks. Usually, there are no costs involved.

A sample of due diligence documents requirement can be seen here.

Suggested Video(s)

—

This page was last updated on February 27, 2023.

–

Related posts:

  1. Can we propose our own payout provider?
  2. For us to be able to commit about +/-$10,000 to 20,000 with your “Starter” plan, are the costs in the examples you gave only examples, or are they actual costs?
  3. What does Enhanced Due Diligence (EDD) consist of?
  4. What is CDD customer due diligence and what does it entail?
  5. What is the procedure to use our own payout partner in the payout country?
Share with others...