Paid has two type of payees, 1) basic and 2) full. Some of the items on this page only relate to full payees.
When a full payee is created, Paid will run an automatic business verification process that checks key items within the company, such as nature of business, any adverse media and director / share holder checks. This will show in the "Compliance Checks" section.
These checks are refreshed automatically by Paid, from time to time you maybe asked to acknowledge a change e.g. the company changes name.
How to update details
On the payee you are able to update the "alias" and the contact details, all other details are managed by Paid and our data providers.
How to add a new bank account
Navigate to the "banks" tab and add the details as you did during the creation process. If you have payee approvers enabled, the bank account will need to be approved by an appropriate person before it is available to make payments to.
How to suspend a payee