Verification Levels
Individuals using Swapin services will be asked to verify their identity. Verification is an important process that ensures compliance with regulatory requirements and enhances security for Swapin customers. Based on a profile data, an individual customer can apply to Starter, Basic or Full verification level.
| Starter | Basic | Full | |
|---|---|---|---|
Limits, € | Lifetime limit: On-ramp: 10 000 Off-ramp: 4 000 | Daily limit: On-ramp: 20 000 Off-ramp: 5 000 Monthly limit: On-ramp: 35 000 Off-ramp: 15 000 | Unlimited* |
Time to get verified | 2 mins | Up to 2 business days | Up to 2 business days |
Documents needed: | |||
ID | yes | yes | yes |
Proof of address |
| yes | yes |
Financial Info |
|
| yes |
Features: | |||
On-ramp | yes | yes | |
Off-ramp | yes | yes | yes |
Dedicated IBAN (payments in the customer's name)** | yes | yes |
* A limit may still be applied based on the provided financial information.
** The Dedicated IBAN feature is available to individuals who are EEA (European Economic Area) and Switzerland residents.
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