We use the internet for a lot of things nowadays, one of them being work. When working online, we can’t really get paid or pay our clients without having a previously set-up system. Some of the most popular online payment providers such as PayPal, Payoneer and PaySafe for example, all require you to verify your proof of residence before receiving funds or ordering one of their cards.
This is to ensure that your employer doesn’t send money to someone pretending to be you, and it is required by many banks and payment providers as well. Needless to say, you need to verify this before you even plan to start your own business, no matter if it’s a small startup or a large enterprise.
Not everyone has experience with this, however, which is why this article will explain some of the most important things you need to know about confirming your proof of residence. These are the documents that you can and should use.
A photographic ID
In order to receive a paystub along with the other documents you get on a monthly basis, you must verify your proof of residence. For this, most people use a photographic ID. This particular method will help you out a lot and it’s one of the easiest for verifying your proof of residence.
A photographic ID is not available or common in every country. However, if you have one, you can use it to easily get verified on some of the previously-mentioned sites, whether that’s Payoneer or Paysafe. The great thing about photographic ID’s is that you can get them issued to you in multiple ways. Some professions even require you to have one. For example, being a security officer.
Bank Statements
Every time you go to the bank and do something, whether that be it withdrawing money or making a deposit, you can ask for a bank statement. Or, you don’t even have to do anything and simply ask them to give you a statement. If you are looking to get verified for a real paystub this is the way to go without spending too much time. When you kindly explain the reason why you need a statement, those working at the bank will be more than glad to help you out.
For more information on how to get a real paystub, feel free to check paystubsnow.
Tax assessment
If you’ve received a tax assessment recently, you can use that to get verified for making payments and receiving money along with a real paystub on a monthly basis. Due to the huge presence of bots and impersonators on the internet nowadays, almost every project requires the customers to complete a KYC (Know Your Customer) procedure.
If you want to issue a real paystub to someone, you need to make sure you’re sending it to the right person. You can get verified with your tax assessment document if nothing else comes handy at the moment. But, there are still other options as well if this doesn’t work for you.
Energy provider bill
If you are the owner of a business and you need to issue out a real paystub to your employees each month but don’t know-how, you can use templates for a real paystub instead of making them yourself. But, to send them out, you have to make sure that your customers have verified proof of residence. One of the easiest ways to do this is by verifying with an energy provider bill as this is in most cases accepted as a proof of residence. If you are the one verifying, make sure to send bills that are relatively new. If you send bills issued out more than three months ago, your request will most likely be rejected.
Mortgage statement
People receive a mortgage statement once per year and they can use this as proof of residence to complete a KYC procedure or get verified on an online banking service. Mortgage statements include all required information for you to verify, but make sure to send a brand-new one, not one that’s one year old, as it will probably be rejected.
A real pay stub can also be used as proof of residence which is great as you can easily get a real paystub on the internet nowadays by using templates. Either that or use a paystub generator.
Water bills
Everybody pays water bills on a monthly basis, so when the time comes to complete a KYC procedure or get verified for a banking service such as PayPal or Payoneer, you can easily do it by taking a picture of a water bill and sending it for approval. Water bills contain your name and address which is what’s required. If you are not the one paying your bills, and you are still living with your parents for example, receiving a real paystub from a company you’re working for will help you serve as a proof of residence.
Telephone bills
Last but not least, a telephone bill is what you pay on a monthly basis and you always have a fresh new one laying around somewhere in your home. These are rarely older than three months so you can almost always use them as a proof of residence if you need it.
Once again, if you are not paying the bills in your home, you can find a paystub generator and try to work your away around getting a legitimate proof of residence document. There are a lot of paystub generator websites on the internet so you can find one that’s free and easy to use.
Conclusion
Now that you know what documents are considered proof of residence, it’s time to take your online payment system to the next level by verifying using one of the methods listed above.
Please note that most of the methods listed above will require you to provide a new (new meaning less than three months old) document. For example, most people think that a passport and an ID are the most legit and valid proof of residence documents, but if they are older than three months they don’t get accepted. Sending as new as the possible document will increase your chances of verifying.