Where to start?
First off, you’ll need to download the Latipay App. This is available on the Apple App store or simply search ‘Latipay’ on the app store. Latipay app will also be available for Android devices shortly.
What you’ll need?
- Registered company name
- Identification (either a driver’s license or a passport) for each shareholder with over 25% ownership.
- 2 photos of your place of business (1 interior and 1 exterior)
- Your company bank account number
Once you’ve downloaded the Latipay app you’ll be greeted by a welcome page.
Here you will have the opportunity to either login or Create an Account.
Tap ‘Create an Account’ to begin setting up your account.
Select the country that your company is incorporated in along with which currency you will want your funds to be settled in.
Next, under Company Info, you’ll need to enter your registered company name. As you type this in, you will notice a dropdown menu appear. Select your company from the dropdown list. You will notice that some of the remaining fields will be auto-filled with the information directly from the Companies Office. Select your ‘Business Activities’ (products/services your business offers) – if your offering is not listed you can manually enter. You also have the option here to add a link to your website, social media etc. Now tap ‘Next’.
Under the Administrator Account, fill out the below fields. These fields are relatively standard and self-explanatory. Once you’ve filled out the required fields please go ahead and tap ‘Next’.
If your company has over 2 core shareholders our account management team will manually verify your account information. Once verified you will receive a notification in-app and also a confirmation email.
If your company has 2 or less shareholders you will be taken to a confirmation page. Congratulations! Your Admin account has been setup. Now you have the option to (‘Continue’) or simply tap ‘Do it later’. To begin the verification process you will need to tap on ‘Continue’.
You have now begun the Verification Process. This page will show you a list of your shareholders of whom will need to provide identification. Simply tap on any names who show ‘yet to be verified’ under their name. This will take you to the individual identification page. Simply fill the required fields with the corresponding information from either a driver’s license or passport.
Now, you are verified and almost ready to start using all the functions the Latipay App has to offer. You’ll just need to activate your account. To do this, simply tap ‘Next’ after the Verification Page has been filled out accurately and you will enter the ‘Account Activation’ page.
Here you will need to upload 2 images of your business (one from outside your place of business and one from inside your place of business). It is preferable if your company name or logo is visible in these images. Don’t have a place of business? In this case, you will need to upload an image of the outside of your company’s registered address along with an interior image.
Now, the final stage of your activation is to enter your bank account details. You’ll need to enter your beneficiary bank (eg ASB, ANZ, Westpac etc), Account Name, Bank Account Number a Reference (eg ‘Latipay App). It is important to double-check you have entered all information here accurately as this will be the default account to which your funds will be settled. Once completed simply tap ‘Submit’ and you’re good to go!