Supplier Verification
Due diligence, registry checks and fraud prevention before money moves.
Quick answer
Supplier verification means confirming — before payment — that the company exists, is in good standing, and that the bank account you are paying belongs to it. Registry-backed checks take under a minute and prevent the fraud patterns that destroy first orders.
Key terms
KYB (Know Your Business)
Verifying a company’s registration, status and ownership against official registries — the corporate equivalent of KYC.
Registry check
A lookup against the official corporate registry (SAMR in China, MCA in India, CAC in Nigeria) confirming registration, status and directors.
Beneficiary name match
Confirming the receiving bank account is held in the registered company’s name — mismatches are the top wire-fraud signal.
TradeScore
KeyBS Pay’s 0–100 supplier trust rating combining verification results, trade history and dispute records.
Verification services
The platform capabilities behind safe payments.
Verification guides
How to vet suppliers in specific markets.
High-risk industry workflows
Categories where verification matters most.
Frequently asked questions
How do I verify a Chinese supplier?
Check the company’s SAMR registration (status, registered capital, directors), confirm the beneficiary bank account is in the registered company’s name — not a personal account — and request export references for your product category. Verify AI runs the registry and blacklist checks in under 60 seconds.
What is the most common supplier fraud pattern?
The beneficiary mismatch: a legitimate-looking company negotiates the deal, then asks for payment to a different account — personal, or a different company. Name-match verification before payment defeats it.
What does a TradeScore of 80 mean?
TradeScore rates suppliers 0–100: 0–39 Basic, 40–59 Building, 60–79 Trusted, 80–100 Elite. A score of 80+ reflects strong verification results, established trade history and a clean dispute record.
Is verification enough, or do I still need escrow?
Verification confirms the company is real and reachable; escrow protects delivery quality and timing. For first orders, use both: verify before the deposit, release the balance against shipping or inspection documents.
Related learning hubs
Put it into practice
Get a corridor-specific quote — verification, FX and settlement in one workflow.