The business verification documents and information must be uploaded through your Dashboard. Upon review of the listed requirements, PayRex may ask for additional documents and/or information depending on the nature of business.
Kindly follow these guidelines when submitting your documents and IDs:
The information in these documents must match the information on your PayRex account.
Documents must be clear, readable, unedited, and with complete pages.
Documents must be valid (not expired).
Only colored copies of IDs are accepted.
Document format can be as follows: .png, .jpg, .pdf, .heic
Corporation & OPC
I. Representative (Owner or Person assigned by the Corporation to register and manage the PayRex online account)
First Name, Middle Name, Last Name
Date of Birth
Nationality
Mobile Number
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
Valid ID(s) of the representative and the Corporate Secretary (1 primary or 2 secondary ID/s)
II. Business Information
Business Registration Type (Corporation)
Business Registration Date
Trade Name (doing business as)
Legal Name (SEC-registered business name)
SEC Company Registration Number
Nature of Business (a brief description of the products or services offered)
Tax Identification Number
Customer Service Number
Monthly estimated gross sales (Below 500k, 500k to 2.5M, 2.5M to 10M, Above 10M)
Business Address (Unit/Bldg. Number, Street, State/Province, City/Municipality, Country, Postal Code)
Physical Store (Yes/No)
If there is a physical store, provide the Store Address (Unit/Bldg. Number, Street, Country, State/Province, City/Municipality, Postal Code)
Business Website (website and social media URLs)
Business Documents
SEC Certificate of Incorporation
Articles of Incorporation
By-Laws (not required from OPCs)
Latest General Information Sheet (not required from OPCs) OR Form for Appointment of Officers (for OPCs only); with proof of receipt from the SEC (e.g. QR Code/Barcode cover page)
Notarized Secretary’s Certificate *
BIR 2303
If applicable - BIR-received Sworn Declaration (SD) **
If applicable - Certification or other valid document as proof of entitlement of tax exemption or lower income tax rate.
*The Secretary’s Certificate is a means to safeguard merchants from unauthorized bank account changes and misappropriation of funds. It is required whenever a Corporation/OPC-merchant nominates or changes its bank account and/or authorized representative. When assigning a representative, please note that the Corporate Secretary cannot be the representative at the same time.
** If estimated annual gross sales is less than 500K php, please provide BIR-received and notarized sworn declaration, otherwise PayRex shall automatically deduct withholding tax. The SD is a merchant’s declaration of annual estimated gross sales, which is used to identify those subject to or exempt from Withholding Tax. For more information, kindly refer to BIR Revenue Regulations (RR) No. 16-2023 and Revenue Memorandum Circular (RMC) No. 8-2024.
III. Incorporators Information (per incorporator)
First Name, Middle Name, Last Name
Nationality
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
IV. Bank Information
Bank Name (must be a Philippine bank)
Bank Account Name (the bank account should be under the registered business name)
Bank Account Number
Partnership
I. Representative (Owner or Person assigned by the Partnership to register and manage the PayRex online account)
First Name, Middle Name, Last Name
Date of Birth
Nationality
Mobile Number
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
Valid ID(s) of the representative and the partners (1 primary or 2 secondary ID/s)
II. Business Information
Business Registration Type (Partnership)
Business Registration Date
Trade Name (doing business as)
Legal Name (SEC-registered business name)
SEC Company Registration Number
Nature of Business (a brief description of the products or services offered)
Tax Identification Number
Customer Service Number
Monthly estimated gross sales (Below 500k, 500k to 2.5M, 2.5M to 10M, Above 10M)
Business Address (Unit/Bldg. Number, Street, State/Province, City/Municipality, Country, Postal Code)
Physical Store (Yes/No)
If there is a physical store, provide the Store Address (Unit/Bldg. Number, Street, Country, State/Province, City/Municipality, Postal Code)
Business Website (website and social media URLs)
Business Documents
SEC Certificate of Partnership
Articles of Partnership
Notarized Partnership Resolution *
BIR 2303
If applicable - BIR-received Sworn Declaration **
If applicable - Certification or other valid document as proof of entitlement of tax exemption or lower income tax rate.
*The notarized Partnership Resolution is a means to safeguard merchants from unauthorized bank account changes and misappropriation of funds. It is required whenever a Partnership-merchant nominates or changes its bank account and/or authorized representative.
** If estimated annual gross sales is less than 500K php, please provide BIR-received and notarized sworn declaration, otherwise PayRex shall automatically deduct withholding tax. The SD is a merchant’s declaration of annual estimated gross sales, which is used to identify those subject to or exempt from Withholding Tax. For more information, kindly refer to BIR Revenue Regulations (RR) No. 16-2023 and Revenue Memorandum Circular (RMC) No. 8-2024.
III. Partners Information (per partner)
First Name, Middle Name, Last Name
Nationality
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
IV. Bank Information
Bank Name (must be a Philippine bank)
Bank Account Name (the bank account should be under the registered business name)
Bank Account Number
Sole Proprietorship
I. Representative (Owner or Person assigned by the Owner to register and manage the PayRex online account)
First Name, Middle Name, Last Name
Date of Birth
Nationality
Mobile Number
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
Valid ID(s) of the Sole Proprietor (1 primary or 2 secondary ID/s)
If the representative is not the owner, provide the representative’s ID(s) as well.
II. Business Information
Business Registration Type (Sole Proprietorship)
Business Registration Date
Trade Name (doing business as)
Legal Name (DTI-registered business name)
DTI-BN Registration Number
Nature of Business (a brief description of the products or services offered)
Tax Identification Number
Customer Service Number
Monthly estimated gross sales (Below 500k, 500k to 2.5M, 2.5M to 10M, Above 10M)
Business Address (Unit/Bldg. Number, Street, State/Province, City/Municipality, Country, Postal Code)
Physical Store (Yes/No)
If there is a physical store, provide the Store Address (Unit/Bldg. Number, Street, Country, State/Province, City/Municipality, Postal Code)
Business Website (website and social media URLs)
Business Documents
DTI Certificate of Registration;
BIR 2303;
If applicable - BIR-received Sworn Declaration (SD)*
If applicable - Certification or other valid document as proof of entitlement of tax exemption or lower income tax rate.
* If estimated annual gross sales is less than 500K php, please provide BIR-received and notarized sworn declaration, otherwise PayRex shall automatically deduct withholding tax. The SD is a merchant’s declaration of annual estimated gross sales, which is used to identify those subject to or exempt from Withholding Tax. For more information, kindly refer to BIR Revenue Regulations (RR) No. 16-2023 and Revenue Memorandum Circular (RMC) No. 8-2024.
III. Business Owner’s Information (details of the sole proprietor)
First Name, Middle Name, Last Name
Date of Birth
Nationality
Mobile Number
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
IV. Bank Information
Bank Name (must be a Philippine bank)
Bank Account Name (should be under the sole proprietor’s name; a joint bank account wherein one of the owners is the sole proprietor is also acceptable)
Bank Account Number
Cooperative
I. Representative (Owner or Person assigned by the Cooperative to register and manage the PayRex online account)
First Name, Middle Name, Last Name
Date of Birth
Nationality
Mobile Number
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
Valid ID(s) of the representative and the Cooperative Secretary (1 primary or 2 secondary ID/s)
II. Business Information
Business Registration Type (Cooperative)
CDA Registration Date
Trade Name (doing business as)
CDA Registration Number
Nature of Business (a brief description of the products or services offered)
Tax Identification Number
Customer Service Number
Monthly estimated gross sales
Business Address (Unit/Bldg. Number, Street, State/Province, City/Municipality, Country, Postal Code)
Physical Store (Yes/No)
If there is a physical store, provide the Store Address (Unit/Bldg. Number, Street, Country, State/Province, City/Municipality, Postal Code)
Business Website (website and social media URLs)
Business Documents
CDA Certificate of Cooperation
Articles of Cooperation
By-Laws
Latest Certificate of Compliance
Latest Cooperative Annual Progress Report (CAPR)
Notarized Cooperative Secretary’s Certificate *
BIR 2303
If applicable - BIR-received Sworn Declaration (SD) **
If applicable - Certification or other valid document as proof of entitlement of tax exemption or lower income tax rate.
* The Cooperative Secretary’s Certificate is a means to safeguard merchants from unauthorized bank account changes and misappropriation of funds. It is required whenever a Cooperative-merchant nominates or changes its bank account and/or authorized representative. When assigning a representative, please note that the Cooperative Secretary cannot be the representative at the same time.
** If estimated annual gross sales is less than 500K php, pls provide BIR-received and notarized sworn declaration, otherwise PayRex shall automatically deduct withholding tax. The SD is a merchant’s declaration of annual estimated gross sales, which is used to identify those subject to or exempt from Withholding Tax. For more information, kindly refer to BIR Revenue Regulations (RR) No. 16-2023 and Revenue Memorandum Circular (RMC) No. 8-2024.
III. Cooperators Information (per cooperator)
First Name, Middle Name, Last Name
Nationality
Address (House/Unit Number, Street, State/Province, City/Municipality, Country, Postal Code)
IV. Bank Information
Bank Name (must be a Philippine bank)
Bank Account Name (the bank account should be under the registered cooperative)
Bank Account Number