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.
Stripe is a well-established online payment provider from the US, based in California, and already serves renowed customers such as Amazon, Check24, Booking.com or Airbnb.
What is KYC?
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).
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.
Stripe is GDPR compliant. All data transferred to Stripe 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 Stripe employees are subject to clear requirements regarding the viewing, processing and disclosure of personal data.
When you signed the contract with bookingkit, you made an agreement with Stripe. You can find the link to the Stripe Terms and Conditions in the bookingkit email you received directly after signing the contract.