Sumsub’s Payment Method Check Advanced for Business Verification is a verification process designed to analyze company financial data and support risk evaluation.

The verification flow may include the following steps, depending on the selected payment method type:

• Document quality and integrity validation (for bank statements or bank cards) or secure account authorization (for online banking).
• Retrieval and processing of bank account data with further matching (if applicable).
• Financial risk assessment.

Set up Payment Method Check flow for Business Verification

Build a verification process to check payment methods for companies.

Step 1: Create verification level

Add a business verification level and adjust its settings:

1. In the Dashboard, go to Integrations→Companies.
2. Click Create level and select Standard.
3. Configure the verification level according to your requirements.
4. Include Payment methods verification step and select the required payment method types that your applicants can provide.

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Note

Only the following payment method types are available for companies:

• Bank cards
• Bank accounts

Step 2: Review verification results

Go to the Dashboard to view the verification results.

The results indicate whether the payment method has been approved and include the retrieved bank account data and risk score:

1. Open the required applicant profile and navigate to the Verification tab.
2. Scroll down to the Payment method section.