CIP Global KYC

What is the purpose of the Customer Identification Program (CIP) in PayPal?

• Verify the identity of customers to comply with regulations

• Facilitate the payment process for customers

• Promote security in financial transactions

• Offer discounts to customers

What does 'KYC' mean in the context of PayPal?

• Know your competitor

• Know your cashier

• Know your client

• Know your company

What is the purpose of the 'SHIELD' tool in PayPal?

• Manage customer accounts

• Generate financial reports

• Present cases requiring manual review

• Process international payments

What is the procedure to verify the validity of the internal identity document in Russia?

• Send the document to PayPal for verification

• Use the website of the Ministry of Internal Affairs of Russia

• Search in the PayPal database

• Consult with a document verification expert

What does 'KYB' mean in the context of PayPal?

• Know Your Bag

• Know Your Benefactor

• Know Your Bank

• Know Your Business