Would you like to know what documents are necessary for verification of your company? You will find them listed here.
It goes without saying that bookingkit adheres to all relevant laws and regulations. This means that we are not allowed to process any payments ourselves. A BaFin-compliant solution is to cooperate with a bank that handles the payment transactions on one's behalf. MangoPay is a payment service provider that already processes payments from more than 2500 successful marketplaces, crowdfunding platforms and mobile apps including PaulCamper, Chrono24, Exporo, Elopage and Kleiderkreisel / Vinted. At the same time Credit Mutuel Arkea, the second largest bank in France, stands behind MangoPay.
The term “Know-your-Customer” (KYC) means the process of checking the personal and business data of new customers of a credit institution with the aim of money laundering and terrorist financing prevention on the basis of the Money Laundering Act 2018 (AML-4 guideline). MangoPay is a registered and regulated “e-money institute” which is subject to Luxembourg financial supervision and which has been approved by BaFin to carry out its activities in Germany; the same applies to the other countries of the European Economic Area (EEA). The German Anti-Money Laundering Act (AMLA) is the law on the tracing of profits from serious criminal offences that states that such institutions must adhere to the guidelines for combating money laundering. This law contains the requirements according to which financial service providers must identify customers receiving payments from marketplaces or other Internet platforms.
You may be asking if your personal data is safe during the KYC process. All data transferred to MangoPay are treated in accordance with European data protection guidelines and stored in encrypted form in a data center specializing in banking and financial information. Your copy of your ID will not be used for any other purpose than your identification and archiving in accordance with the requirements of the regulators. All MangoPay employees are subject to clear requirements regarding the viewing, processing and disclosure of personal data. You can inquire about the data MangoPay stores about you at any time. You will find the respective contact details in the MangoPay terms and conditions, which you received by email directly after signing the contract.