Merchant Onboarding and Risk Assessment Overview

This fact sheet provides an overview of LegitScript's Merchant Onboarding solution, which integrates Know Your Business (KYB) checks with merchant risk assessments. The document outlines how this solution helps organizations identify risks during the onboarding process, enabling informed decisions regarding merchant applications. It details the functionalities of the RiskCheck API, which assesses merchant risk by leveraging LegitScript's extensive data intelligence platform. The RiskCheck results include a risk profile that indicates the risk level, reasons for the assessment, and a confidence score. Additionally, the fact sheet describes the various KYB checks included in the onboarding process, such as business information and watchlist checks. The document emphasizes the importance of timely risk assessment, stating that results can be accessed in minutes, thus facilitating efficient decision-making and enhancing fraud prevention efforts. Overall, it presents a comprehensive approach to merchant onboarding and risk management.