Yes, you can use your myPOS account to activate your myPOS card machine and your business debit card while waiting for your documents to be verified. However, due to security and compliance reasons, you will not be able to make or receive any payments until you have successfully completed the Merchant Verification Procedure.
Key Points:
1. Account Activation: You can activate your myPOS card machine, business debit card and start setting up your account.
2. Restrictions on Payments: You will be unable to make or receive payments until the verification process is complete. This restriction ensures that all security and compliance requirements are met before any financial transactions are processed. Use this time to activate your device and debit card, as well as get to know your account.
3. Verification Process: The verification process involves uploading the required documents to your myPOS merchant account for review. Typically, the review process is completed within several business days, but it can take longer if additional checks or documents are needed.