Is it necessary to pass KYC for Amazon account? What information does Amazon KYC require?

Speaking of KYC, I believe that merchants who open stores on Amazon will definitely be familiar with it, because the Amazon platform requires merchants to undergo KYC review. Therefore, merchants who settle in Amazon must first prepare relevant KYC information. Does an Amazon account have to pass KYC? Next, we will explain this aspect to you.

Amazon accounts must pass KYC. Amazon is obliged to conduct KYC audits on sellers who open stores on European platforms (including the UK, France, Germany, Spain, Italy, etc.). When sellers reach a certain sales amount when selling on European sites, KYC audits will be triggered. Sellers must submit all information truthfully and can continue to sell after passing the audit.

What information does Amazon KYC require?

1. Scanned copy of the company's business license.

2. Identity documents of the company's primary contact person and beneficiary (beneficiary refers to a natural person or legal person who holds shares equal to or greater than 25% in the company).

3. Personal expense bills of the primary contact and beneficiary: any daily expense bill within the last 90 days.

4. Company bank statement: The company name must be consistent with the company name on the business license; it must have the bank name and logo; it must have a bank account number at the bank where the account is opened; if the statement has a date, it must be within one year from the date of issuance; no date is also acceptable; individual sellers must provide personal bank statements, with the same requirements as above.

5. Authorization letter: If the primary contact person is not the legal person or beneficiary of the company, Amazon will require the seller to provide an authorization letter from the legal person of the company authorizing the primary contact person to actually operate the account.

6. Company Daily Expense Bill: For sellers registered in Hong Kong and Taiwan (mainland companies do not need to provide it), Amazon requires sellers to provide a company daily expense account.

Requirements:

1. Be sure to fill in the company and personal information truthfully, and upload authentic document materials. Any attempt to evade or bypass the review by improperly filling in information or falsifying materials may result in failure to pass the review and the store being closed.

2. When submitting documents for review, you must not use Photoshop, even if you put the front and back of your ID card on one picture. Amazon will never approve any documents with even the slightest trace of photo editing. It is recommended to combine multiple pages of documents or pictures into a PDF before submitting the documents.

3. It is best to use the complete information of the legal person, as the chance of passing will be higher.

Amazon merchants must pass KYC, which is a requirement of the platform. If you do not pass KYC, you cannot sell goods on the Amazon platform. Therefore, when merchants enter Amazon, they must prepare relevant KYC information to help merchants pass the review quickly and open stores as soon as possible!