Why do I need to validate KYC on Tyllt ?
What is the “KYC”?
Abbreviation of Know Your Customer, KYC refers to the fact of having to know your customer (in our case, having to know the tyllter, the one who uses Tyllt, whether private or professional, tenant or owner).
The KYC makes it possible to register a user with security and to guarantee compliance with European banking regulations.
Why is “KYC” used at Tyllt ?
At Tyllt, we attach importance to everyone being able to clearly identify themselves. We thus easily apply this European banking regulation.
It thus makes it possible to reassure each party who uses Tyllt, the tenant knows that the owner is identified and the owner is also reassured about the identity of his tenant.
With this step of identifying the identity of the parties to the deposit (owner, tenant), the use of Tyllt thus further secures the transaction.
Why do you need to provide so much information ?
The amounts of the deposits may vary from one transaction to another. Our services aim to reduce the risk of collecting deposits and more critical litigation.
Nevertheless, it may happen that there is damage and that the parties agree on compensation, total or partial collection of the deposit.
Depending on the amount of the deposit and, even more so, the amount of the possible collection, the banking operators request more or less information in order to secure the financial flow, a bit like if you open an account in a bank.
This information may also vary depending on your status: individual or professional.
The regulations have so far defined 4 levels of “KYC”, ranging from 0 to 3. Depending on your profile, the guarantees in play on your profile, we will adjust this level, which may lead us to ask you for coins. complementary.
In addition, regulators are gradually integrating guarantees into the risks of over-indebtedness, which may lead to having to position themselves in one of the income categories defined by the regulator.
For these reasons, we are required to ask you for a certain amount of personal information, such as:
Email and/or Telephone
Date, city, country of birth
In this way, it becomes possible to deposit a deposit without being debited from your bank account, and without touching your monthly spending limit.