We verify sellers on your marketplace in order to receive their first payout. This is required for AML purposes to comply with the changes to the PSD2 regulations in 2018. We also collect bank details during the verification flow so this is an additional security check.
We don't require sellers to complete verification before their first payment so you can roll out your payment product on all listings from day 1. Sellers also only need to get verified once.
Once users have completed the verification flow, trustshare's team will reach out directly to the seller to help them complete verification if they didn't provide the right documents or image was blurry so you don't need to manage this with your own operations team.