Account approval process
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      3. Account approval process

      Preparing for the account approval process

      Paytron is effortless with our digital sign up process.

      When signing up to Paytron, it’s important for us to understand who we are working with. For us to complete our due diligence, we are required to obtain certain documents from you before we can approve your account. Once submitted, it can take 24-48 hours before an account is approved.

      Below is a list of what will be required when you sign up:

      Note: All the below information is requested when you sign up.

       

      Australian Businesses

      If you’re a Sole Trader

      • Full registered business name

      • Full registered trading name

      • Full address of the principal place of business

      • ABN

      • Full name of Owner

      • Date of Birth of Owner

      • Residential address of Owner

      • 3 months of business bank statements

      Verification is required for the Owner of the business

      2 of the following:

      • Passport (can be expired up to a period of two years prior)

      • Driver’s License (Front and Back - must be unexpired)

      • Medicare Card (must be unexpired)

      If you’re a Private Australian Company or Public Unlisted Company

      • Full company name as registered with ASIC,

      • Trading name (if different)

      • Full address of the registered office,

      • Full address of the principal place of business if different,

      • Registered company number, e.g., ACN -ABN

      • Full names of all directors

      • DOB of all directors

      • Residential address or one director

      • Full names and titles of verifying officers, senior managing official or approvers to be allocated to the Paytron platform and proof of authorisation (e.g., Auth signatories list, approved by the Cosec or other officeholder).

      • Each Ultimate Beneficial Owners' full name and date of birth, and full residential address

      Verification

      Beneficial Owners (or controller(s)) must supply the below

      2 of the following:

      • Passport (can be expired up to a period of two years prior)

      • Driver’s License (Front and Back - must be unexpired)

      • Medicare Card (must be unexpired)

      If you’re a Public listed company

      • Full company name as registered with ASIC

      • Full address of the registered office

      • Full address of the principal place of business if different

      • Registered company number (e.g., ACN, ABN)

      • Details of the relevant stock exchange and ticker ID

      • A corporate structure chart

      • If appropriate details of any license or regulatory number

      • Authorised Signatory list signed by the Company Secretary or other officeholder

      If you’re a foreign private company in Australia

      • Full company name as registered with the foreign regulator

      • ARBN number

      • Full name of Company

      • Full address of Company

      • Full names of all directors

      • DOB of all directors

      • Residential address of one director

      • Full names and titles of verifying officers, senior managing official or approvers to be allocated to the Paytron platform and proof of authorisation (e.g., Auth signatories list, approved by the Cosec or other officeholder)

      • Each Ultimate Beneficial Owners' full name and date of birth, and full residential address

      Verification

      All Beneficial owners must provide the below.

      • Passport (can be expired up to a period of two years prior if Australian, or unexpired if overseas), plus

      • Australian or overseas Driver’s License or national ID card showing residential address (must be unexpired), or

      • Utility bill not more than three months old, showing residential address

      If you’re a foreign company not registered in Australia

      • Full Name of Company

      • Full address of the registered office

      • Business registration number

      • Type of company

      • A certified original foreign certificate of registration or similar document, translated to English by either a qualified translator.

      • Full names of all directors,

      • DOB of all directors

      • Residential address of one director

      • Full names, DOB, residential addresses of all Beneficial owners

      • Full names and titles of verifying officers, senior managing official or approvers to be allocated to the Paytron platform and proof of authorisation (e.g., Auth signatories list, approved by the Cosec or other officeholder).

       Verification

      • All Beneficial owners must provide the below.

        • Passport (can be expired up to a period of two years prior if Australian, or unexpired if overseas), plus

        • Australian or overseas Driver’s License or national ID card showing residential address (must be unexpired), or

        • Utility bill not more than three months old, showing residential address

      I’m a Partnership (Australian and Foreign)

      • Full name of the Partnership,

      • Full business name, if any, of the Partnership,

      • The country in which the Partnership was established,

      • The full name, DOB and residential address of each partner,

      • Full names and titles of verifying officers, senior managing official or approvers to be allocated to the Paytron platform and proof of authorisation (e.g., Auth signatories list, approved by the Cosec or other officeholder).

      • A copy of the Partnership Agreement ( Translated to English if required )

      • Reliable and independent documents or electronic data, sufficient to verify the Partnership details

      Verification

      One partner must provide

      2 of the following:

      • Passport (can be expired up to a period of two years prior)

      • Driver’s License (Front and Back - must be valid)

      • Medicare Card (must be valid- if Australian)

      I’m a trust

      • Full Name of Company

      • Full business name (if any) of the Trustee in respect of the Trust

      • Full address of the registered office

      • Business registration number

      • Certified Original of the Trust deed and any of the below that may not be included in the deed...,

      • Unless the Trust is widely held (10 or more unit holders), the full name of each Beneficiary or a description of the class of beneficiaries of the Trust

      • The full names of verifying officers, position titles, their

        signatures and authorising document (e.g., Delegated authority document or similar)

      Verification

      If the Trustee(s) are individuals, they must provide the below

      2 of the following:

      • Passport (can be expired up to a period of two years prior)

      • Driver’s License (Front and Back - must be unexpired)

      • Medicare Card (must be unexpired)

      If the Trustee is a company, we will collect and verify information as per the process for verifying private companies

      In addition, where the beneficiaries of the trust are individuals we will collect and verify information as per above.