What is KYC (identity verification)?
Also called: Know your customer, Identity verification
KYC, short for know your customer, is the identity check a payment or booking platform runs on a business before it can accept payments and receive payouts.
Platforms that move money are required to know who they pay. KYC confirms the person or company is real and that payouts go to an account in their name. It protects customers from fake listings and owners from payout fraud.
It usually asks for a legal name, a government ID number, a phone number and an address, and for companies, registration details.
In Nigeria
In Nigeria individuals usually verify with their National Identification Number (NIN), and businesses with their CAC registration number. You can retrieve your NIN by dialling *346#.
How Superspace handles it
Superspace asks you to verify your identity before you start the free trial, publish spaces, accept payments, add a payout account or invite your team. You verify as an individual or a business. See Verify your identity.
Common questions
Why does Superspace need my NIN?
To confirm who you are before you can take payments and receive payouts. It protects your customers and makes sure your earnings go to an account in your name.