Before you can start collecting payments, NRTH needs to verify your identity and your business. This is a legal requirement for all payment providers and keeps your account secure.
The setup has five steps:
1. Business Enter your company details. This is the Know Your Business (KYB) check.
2. Identification Verify your personal identity. This is the Know Your Customer (KYC) check. You may need to upload a form of ID.
3. Bank Connect your bank account. This is where your collected payments will be paid out to. You'll go through a secure bank connection process.
4. Accounting Connect your accounting software (Xero, QuickBooks, or Sage). If you signed up using your accounting software, this step is already done and will be skipped.
5. Company Upload your company logo. This appears on your direct debit mandate forms and customer facing communications.
Once all five steps are complete, you'll see the "Account Setup Complete" screen. Click Launch Dashboard and you're ready to go.