Merchant needs to undergo a KYC/AML process before being registered for a merchant account. They will also need to undergo the Certified By Bitex (CBB) process to register a valid Merchant account. Merchants that are Certified by Bitext have provided the following information to Bitex:
Their monetary license
Company registration info
Company owner ID
Address of branch or shop
As well as that, all merchants who are Certified by Bitex will sign an agreement with Bitex to confirm that they will have at least $100,000 in their Bitex account in order to be able to process an order from their clients.