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Why the marketplace requires me to provide a bank statement?

Ecommerce platforms such as Amazon may request a bank statement from sellers in several situations, such as:

‍1. Account Verification: During the initial setup or verification of your seller account to confirm your identity and business details.
‍2. Suspicious Activity: If they detect unusual activity on your account, they may ask for a bank statement to ensure compliance with their policies.
‍3. Payment Discrepancies: If there are issues with your payouts or discrepancies in your financial records, they may request a bank statement for clarification.
‍4. Policy Compliance: To verify your business address or ensure adherence to platform’s selling policies.

You can download a welcome letter or bBank statement in your PingPong account as a bank statement and submit it to the related platform.

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