Payments

    KYC / KYB

    Know-Your-Customer / Know-Your-Business identity verification required by processors.

    Definition

    Before you can accept card payments, processors collect EIN, bank info, and owner ID. Required by US anti-money-laundering law. Glo Invoice walks you through Stripe's KYB in minutes.

    Related terms

    Stripe

    A payment processor that lets businesses accept cards, ACH, and wallets online.

    Card payment

    A payment made by credit or debit card, processed online or in person.