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KYC process for mechants

KYC Process for Merchants on URKEC RURALSKARTS E COMMERCE INDIA PRIVATE LIMITED

URKEC RURALSKARTS E COMMERCE INDIA PRIVATE LIMITED (URKEC) is committed to providing a secure and reliable platform for rural products and services. As part of this commitment, we require all merchants selling on our platform to complete a Know Your Customer (KYC) process. This process helps us verify the identity and legitimacy of our merchants, and it helps to prevent fraud and abuse.

The KYC process for merchants on URKEC involves the following steps:

1. Sign Up & Basic Information:

  • Merchants will first need to sign up on the URKEC seller portal at https://ruralkarts.com/seller/auth/sign_up.
  • During sign-up, they will need to provide basic information such as their name, email address, phone number, and business details.

2. Document Submission:

  • Once registered, merchants will be required to submit the following documents for verification:
    • Pan Card (for individual sellers) or Company Registration Certificate (for businesses)
    • GST Certificate (if applicable)
    • Bank Account Statement (recent)
    • Proof of Address (Aadhaar card, Voter ID, etc.)
  • Documents can be uploaded directly on the seller portal or submitted via email to [designated email address for KYC documents].

3. Verification & Approval:

  • The URKEC team will review the submitted documents to verify the merchant\'s identity and business information.
  • This process typically takes 1-3 business days, depending on the complexity of the documents and any required clarifications.
  • Once the verification is complete, the merchant will be notified via email or SMS about the approval status.

4. Additional Measures:

  • In some cases, URKEC may require additional information or verification steps based on the nature of the merchant\'s business or other risk factors.
  • This may include a phone call interview or a physical verification of the business premises.

Benefits of Completing KYC:

Completing the KYC process benefits both URKEC and its merchants:

  • For URKEC: Ensures compliance with regulations, reduces fraud risk, builds trust with customers.
  • For Merchants: Enables access to the full features of the platform, increases sales opportunities, builds trust with potential buyers.

Additional Information:

  • Merchants can find more information about the KYC process on the URKEC seller portal or by contacting URKEC customer support.
  • URKEC takes the security of its platform and its users\' data very seriously. All submitted documents are stored securely and are only accessed by authorized personnel.