KYC Docs

Your step-by-step guide to managing your credit program with Apruve

1

KYC Due Diligence
Know Your Customer
Standard banking procedure to verify business integrity when engaging in a credit or loan related situation.
Send these documents to your Apruve representative or directly to sales@apruve.com.

Our banking partners need to understand how your business operates and that of your buyers, too. Send on as much of the below information as you can.

    • FYE Income Statement
    • Balance Sheet
    • Articles of Incorporation
    • W-9
    • Drivers license copy for anyone with more than 10% ownership
    • Current summary of invoice, shipping and returns processes
    • A/R aging report by account debtor if you currently extend terms
    • Average Order Size
    • Average Customer Orders/Month

2

Register for an Apruve Seller AccountYour Apruve representative will send you a link to register.

This will set up your account in our system, allow access to link your bank account for payouts, and generate your API keys when you add Apruve to your checkout. Check it out in our test environment.

3

Sign Documents:

• Seller agreement
• Bank agreement

Apruve works with 3rd party banking institutions to ensure we are offering the most competitive lending rates. The bank directly assumes the lending risk for your program and their contract will be shared with you by your Apruve representative.

4

Link to our Credit Application

Apruve builds and hosts a branded credit application for your company that you will need to link to from your store, emails, FAQ’s or marketing materials.  

5

API and Checkout Optimization

We make sure Apruve is integrated into your eCommerce platform checkout experience by connecting with your technical team to optimize your corporate account checkout before going live. Ideally, a test store will be used before going live to your production site.

6

Marketing
On-Boarding Corporate Accounts

Do you have existing business accounts that you would like switched to an Apruve managed corporate account? We’ll help you draft emails, marketing content or online landing pages (with how-to videos) to get your existing and new customers to your credit application. Here’s a bit more information on our on-boarding process.

7

Content
FAQs and Helpful Resources

We offer many useful tools for your customers to help them use and manage their corporate accounts. Contact us to see sample videos, FAQs, images and text that you can link to or add to your site.