KYC Policy

Our KYC Verification Policy

What is the Know Your Customer (KYC) program?

Locknkey's KYC program ensures a trusted marketplace for all users by confirming customer identity through documentation collection. This helps to prevent fraud, money laundering, and the financing of terrorism.

We believe that KYC is a requirement that ensures a safer and secure online workplace for all Locknkey members. In addition, several of our service providers, such as our payment gateway providers require us to perform certain checks on customer identity.

How do I complete KYC to verify my identity?

You can become Verified by Locknkey by submitting a valid government-issued ID card, and 2 recent utility bills or bank statements or 1 of each.

What if the details on my account do not match the name on my ID or documentation?

The details registered on your Locknkey account must match the name on your documentation. You will be asked to confirm your details during the verification process before submitting them for review.

What happens if I'm not able to pass KYC?

If you are unable to become Verified by Locknkey, Locknkey may place an account limitation or suspend your account as a security measure.

Falsifying your identity is a crime. Locknkey may report users that provide false documentation.

ID Verification

Sellers are encouraged to verify their identity to market themselves to potential Buyers as trusted members of our Locknkey community. Users that verify their identity also benefit by receiving faster processing of their payments and faster resolution of account issues and disputes.

Verification may be completed by users at any time, but Locknkey may also request users verify their identity to uphold our User Agreement.

To become Verified by Locknkey we require you provide:

  • Proof of identityby submitting a Government-issued photo ID.
  • Proof of addressby submitting two different copies of a recent utility bill, such as an electric, gas, water or phone bill, or a recent bank statement.

To verify your identity, complete the following steps:

Step 1 - Proof of identity

  • Confirm your account detailsare up to date (Go to Profile > Settings > Account Details).
  • Click the Verify my Identitylink from your Account Details page.
  • Confirm your name and date of birth and upload a color scan of your current government-issued photo ID as Proof of identity (see accepted IDs below).
  • Enter the ID type, the name on the ID, ID number and expiration date and press Save and Continue.

Step 2 - Proof of address

  • Confirm your address and enter your preferred contact phone number. If you haven't already set up a Security Phone Number, you will be sent a unique code to verify this number.
  • Upload a colour scan of two different utility bills or bank statements as proof of residential Address (see accepted documentation below).
  • Fill in the institutions name, documentation type, and the date it was issued.
  • Press the  Submit for Reviewbutton to have our Verification team review your request.

The Locknkey Verification Team will review your request. This can take up to 2-3 business days and you will be notified when the review process is complete.

Proof of identity requirements:

We require a colour scanned image or digital photo of acceptable government-issued photo identification.

Acceptable forms of Identification:

  • Passport
  • Driver's License
  • National ID card

Additional requirements:

  • High quality colour scan image or digital photo.
  • Image dimensions must be 500 x 300 pixels minimum.
  • Must be currently valid (not expired).
  • Must include photo, signature, name and date of birth.
  • Must not be hand written.
  • Do not crop, adjust colours, or alter the image in any way.
  • Must be in English or of English character set (such as Spanish, Portuguese, French, Italian or Romanian).
  • Name on ID must match the name entered in the Verification Centre.
  • ID number must match the ID number entered in the Verification Centre.

If you have any questions or concerns with these requirements you can contact our customer support team at support@Locknkey.in