How to pass the KYC review smoothly and quickly
KYC (Know Your Customer, fully understand your customers) is an review that Amazon European sellers must accept. According to the EU’s Anti-Money Laundering Law, Amazon requires sellers to understand the business and all beneficiaries to protect the interests of consumers.
When sales reach 5,000 euros, Amazon European sellers need to start submitting materials for review. When sales reach 15,000 euros, if they have not passed the review, their sales rights will be suspended until the review is passed. The right to sell will be restored.
The information required for KYC is as follows.
(1) Scanned copy of the company’s business license.
(2) Scanned copy of the passport of each shareholder of the company. If you do not have a passport, you need to provide your ID card and household registration book.
(3) Company address and billing certificate. You need to provide the company’s water bills, electricity bills, gas bills, Internet bills, call records, social security payment records, bank statements and other public utility bills for the last 90 days. You can choose any one of them. The company name and address must be the same as the business. Same as above on the license. This item is only for companies in Hong Kong, Macau and Taiwan.
(4) Company bank statement. That is, the statement of the company’s public account can be obtained directly by contacting the third-party collection agency. For example, PingPong has a special bank statement for sellers to download.
(5) Personal expense bills. You need to provide the water bill, electricity bill, gas bill, Internet bill, call records, social security payment records, bank statements, credit card bills and other public utility bills of the personal address in the last 90 days. You can choose one of them. It is recommended to give priority here. Use a credit card statement because the personal residential address on the credit card can be modified by calling the bank. And China Merchants Bank’s credit card statements can be downloaded directly online
The above information must be all true and valid, and there must be no suspicion of modification. Generally, Amazon’s backend requires sellers to put all these information into a PDF document before submitting it. , as long as the information is true and valid, it will pass the review in most cases.