What is a business justification?
A business justification is a document that justifies the whole business situation for the e-merchant, not only the revenues generated from online sales.
Why does PayPlug ask for a business justification?
As a payment institution accredited by ACPR, PayPlug has a legal obligation to keep a thorough knowledge of its clients. This regulation also applies to the business and the revenue generated by the merchant.
Please note that bank secrecy applies to all the informations provided to PayPlug.
Which documents should you send if your business is older than 24 months?
According to your situation, the following documents may be required:
- Registered companies: Complete tax report
- Sole Entrepreneurs: Your last tax statement
- Associations: Your last tax report
Which documents should you send if your business started more than 24 months ago?
Either you are a company, an entrepreneur or an association, you don't need to provide any document.
However you should fill in the "business plan" form included with our onboarding interface.
The business plan should include the revenues, the charges and initial investments for the next 12 months.