THE RISK
Fraud Starts at Onboarding
E-commerce businesses and fintech platforms are frequent targets for identity fraud, account abuse and synthetic identities.
If identity verification is skipped during onboarding, businesses face: Fraudulent account creation, identity theft risks, failed KYC processes, chargeback and payment fraud, increased compliance exposure, and higher operational losses.
HOW IT WORKS
How E-commerce & Fintech Companies Use ID Verification
1
Customer submits registration details
2
Identity information is verified
3
Veriseal validates data against Home Affairs records
4
Verification result is returned instantly
5
Approve onboarding with confidence
BUSINESS VALUE
What Gets Verified?
Full Name
Verify customer names against official Home Affairs records.
Surname
Confirm surname information provided during registration.
ID Number
Validate South African ID numbers directly against official records.
Date of Birth
Confirm date of birth information supplied by the applicant.
Alive/Deceased Status
Verify that the identity belongs to a living individual.
Home Affairs Verification
Identify deceased identities before onboarding or transactions.
USE CASES
Common Industry Use Cases
Digital Wallets
Verify customer identities before wallet activation.
Online Account Registration
Reduce fake account creation and identity fraud.
Lending Platforms
Validate applicants before credit assessments.
Payment Providers
Strengthen customer onboarding and compliance processes.
Online Marketplaces
Verify sellers and high-risk customers.
Buy Now Pay Later Platforms
Reduce fraud exposure before approving customers.
