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Starting this week, the DAD (DealShaker Approbement Department) team will sequentially review all currently active seller accounts on DealShaker. This initiative aims to visualize compliance with internal policies and ensure that necessary KYB (Know Your Business) documents are properly submitted and stored. This is a crucial process for maintaining a safe and reliable marketplace, and we appreciate your understanding and cooperation. Target Audience and Purpose Note: New applications will also be approved according to the latest standards, so please check the required KYB documents. Requirements for External Payment Providers and Thorough KYB Implementation Thorough KYB is essential to meet the standards of external Payment Service Providers (PSPs). Failure to comply with PSP compliance requirements may result in the suspension of payment functions, significantly impacting the overall service operation. We kindly ask for your understanding and cooperation to ensure the continuity of transactions and the reliability of our ecosystem. Schedule and Grace Period What is KYB (Know Your Business)? KYB is a standard procedure to verify the existence, eligibility, and creditworthiness of sellers. It typically includes company registration information, details of the Ultimate Beneficial Owner (UBO), identification of the representative, proof of business activities, and location and license certificates. As regulations and external PSP requirements become more sophisticated, stricter KYB on marketplaces is a global trend. What We Ask of Sellers Hints for Document Submission (General Examples) *Only utility bills for electricity, water, and gas are accepted. ** A driver's license cannot be used for address verification if it has already been submitted as personal identification. *** Issued within 3 months of the issue date. [Regarding Business Registration Notification and Tax Returns] Since January 2025, the receipt date stamp on copies of tax returns and notifications will no longer be applied. Therefore, please provide one of the following documents: (1) e-Tax receipt notification and electronic application certificate (2) Submission record confirmation using the tax return viewing service (3) Reissuance of business registration notification copy through a personal information disclosure request. Regarding the Use of Tax Certificates: Individuals who are not required to submit a business registration notification under Japanese law can be approved by submitting a tax certificate. Cases where a business registration notification is not required are assumed to be: ① Activities without business intent: If you are selling handmade items as a hobby and earning temporary income, it is not considered a business that continuously generates income for profit, so a business registration notification is not required. ② Temporary income: If you are selling unwanted items for cash, it is considered a temporary activity and not a business, so a business registration notification is not required. Important: Common Deficiencies and Workarounds DAD's Review Policy DAD (DealShaker Approbement Department) comprehensively evaluates submissions not only on formal requirements but also on consistency, up-to-dateness, and risk. Compliance with external PSP standards is also checked. Benefits for Your Business Support and Communication If you have any questions, please contact our support desk or the Help Center on DealShaker.com. FAQs and guidelines are updated regularly. Consulting early, even within the submission deadline, can provide more opportunities for confirmation and correction. Inquiries and questions regarding DealShaker.com's KYB process in Japanese can be directed to the following email address: DealShaker JAPAN <info@dealshakerjapan.com> Document Upload Procedure We will guide you through the procedure for re-uploading documents below. Please note that file submissions will remain pending until this operation is completed. Next Steps (Summary) To foster a reliable marketplace together, we ask for your diligent cooperation. We sincerely appreciate your continued support.