Trust

Compliance checks

Why the company and its owners are verified, what a source-of-funds review actually asks for, why a payment can be held or rejected, and why the checks continue after approval.

Which activities are restricted?2PayApp may decline activity that is prohibited by law, outside the company's risk appetite, unsupported by a service provider or inconsistent with applicable financial-network rules.

Why am I asked about source of funds?A source-of-funds review establishes where the money used in a transaction or in the account came from, and whether that origin is consistent with the company profile that was approved.

Why are checks repeated after approval?Approval is based on the company profile described at onboarding.

Why can a payment be delayed or rejected?A payment may be delayed, rejected, restricted or returned where required by applicable law, sanctions obligations, compliance policies, provider…

Why do you verify my company?2PayApp verifies the company, its directors and its beneficial owners to meet applicable legal obligations, provider requirements and its own compliance policies.