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Verifying a Philippines-Registered Business

Businesses registered in the Philippines can verify their HitPay account by completing both identity and document verification steps.

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Verification Process

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Identity Verification

The account representative must complete:

  • ID verification
  • A selfie submission for facial match

This step takes place after you’ve set up your bank account.

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Document Verification

You’ll need to submit the following:

  • Registration document:

    • DTI Registration (for sole proprietors)
    • SEC Registration Certificate (for corporations and partnerships)

  • Ownership information:

    • Articles of Incorporation or GIS (for corporations)
    • Articles of Partnership (for partnerships)

  • BIR Requirements:

    • BIR Certificate of Registration (Form 2303)
    • Business bank account proof (e.g. passbook, bank certificate, statement, or screenshot)
    • Sworn Declaration (if applicable)

If the account representative is not listed in the SEC registration:

  • A signed Letter of Authorisation (LOA) from the company secretary or director
  • Identification documents for:
    • The account representative
    • The person signing the LOA

The ID verification link will be sent by the HitPay team after you submit the initial documents.

Additional documents may be requested by our Compliance team based on your business type.

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Common Additional Requirements

  • Complex ownership structures → Provide Beneficial Ownership Structure
  • Multiple shareholders/partners → Submit ID of owners with 25%+ ownership
  • Regulated industries → Submit licenses, such as:
    • Department of Tourism (DOT) accreditation
    • NTC Certificate (for telcos)
  • No online presence → Provide physical proof (store photos, tenancy agreement, Mayor’s Permit)

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Entity Types and Required Documents

Entity TypeRequired Documents
CorporationSEC Registration Certificate, Articles of Incorporation, GIS, BIR Form 2303, Proof of Business, Corporate Bank Proof
PartnershipSEC Registration, Articles of Partnership, BIR Form 2303, Proof of Business, Partnership Bank Proof
Sole ProprietorshipDTI Registration, BIR Form 2303, Proof of Business, Business Bank Proof
Not-for-ProfitOne of: ITR, AFS, PCNC Cert, SEC Mandatory Disclosure Form

Ensure documents are not cropped, names are consistent, and ID documents are valid for at least 3 months.

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