📄️ Lopay Account Verification and KYC
Lopay utilises Stripe’s “Managed Accounts” onboarding process to verify ownership and conduct checks, such as sanctions screening and verification of details against the National Registry of Businesses (NRB). Stripe also conducts identity document verification before a Lopay account is activated.
📄️ Merchant Onboarding & Managing Risk
Introduction
📄️ Restricted Businesses
Lopay has a number of restricted businesses imposed through Network Rules or the requirements of our Financial Services Providers. In certain cases, businesses listed below may be eligible for processing with explicit prior approval from our payment processor, Stripe.
📄️ Sanctions
Lopay is firmly committed to complying with the sanctions laws and regulations of the jurisdictions in which we operate. This includes prohibitions involving business with sanctioned persons and jurisdictions. Lopay and its payment processor Stripe closely follow regulatory developments implicating sanctions obligations. You may find real-time updates about which jurisdictions Lopay or Stripe considers to be prohibited by reviewing our Restricted Business List.