Enable payment features in your Banqup subscription to start processing payments directly through the platform. Here's a step-by-step guide to activation and setup.
Add payments to your subscription
Go to the Banqup store (click on the app launcher, then click on Discover more).
Search for “Payments”, then click on it.
Click Install.
Confirm access permissions.
Payments is now installed, you can open it.
Note: If a subscription upgrade or add-on is needed, Banqup will guide you through.
Verifying your business
Before you can use Payments, you'll need to complete the verification process:
Business verification (KYC)
Go to Payments.
Click Finish onboarding.
Follow the on-screen instructions to:
Verify your business identity.
Provide the required information (about the legal representative(s) and UBOs) and documentation (proof of incorporation, UBO extract).
Starting to use payments
Once your request has been approved by Banqup’s team (takes up to two business days), you’ll be able to:
Use your Banqup Business Account.
Link external bank accounts.
Pay your suppliers.
Get paid by your customers.
Important notes:
Business verification is required by financial regulations.
Have your business documents (proof of incorporation and UBO extract) ready for verification.
FAQ
How long does verification take?
Once you've submitted your request, verification typically takes up to two business days
What documents do I need?
You’ll need proof of incorporation for your company, personal details and ID documents of the company’s legal representatives and UBOs, and a signature of all legal representatives.
Next steps