Importance of KYCin MLM Business?
Why KYC documentation in mlm software? Cloud mlm software provides a kyc documentation module mainly to prevent fraud activities in mlm business. You know majority activities in mlm business are through online so some people join in the business with fake names and make money laundering,due to the large number of customers the business owners couldn’t find these types of fraud peoples easily.
Here is the importance of mlm software in mlm business. In mlm software we provide a kyc module that helps the business owners to prevent fraud activities. In kyc documentation the customer who joins the mlm business must upload their identity proof like votersID,Driving license etc to the owners and after the successful submission only the user can join in the business. And kyc documentation also helps the business owners to enquire about the history of joining customers if they have any financial burdens previously or not, based on that owners can serve them better.
Periodicity of KYC refresh
Kyc documentation is provided not only at the new joining time but also for the refresh time. The Refreshment of members account is necessary for mlm business because there are so many members are there in business some of them are more active some of them are inactive. The business owners mainly need active members in their business so they give more priority to them and upgrade their level at the level of upgradation the user must provide KYC. And the existing members in the business want to create a new account also must provide fresh KYC based on the latest KYC policies.
KYC Documents Confirmation