how we build trust

As part of our efforts to build trust and protect users in transactions, all users are required to submit their information to SynapsePay for verification purposes in order to participate in Fly & Buy transactions.

This allows us to make sure only real buyers and seller's are on our platform. Buyer's can choose to send Toadlane agents to provide real time inspection of inventory for $1 a unit before any funds are released to provide an additional layer of protection.

Toadlane intends to supply SynapsePay with the following information on its users for Customer Identification Program (CIP)/ Anti Money Laundering (AML)/ Know Your Customer (KYC) purposes:

Verification Level: $100,000 USD per Month

  1. Business Info:
    1. Base Document: Business Name, Formation Date, Address, Entity Type, Entity Scope, Email, Phone
    2. Virtual Document: EIN Number
    3. Physical Document: EIN Document from Department of Treasury
    4. Physical Document: Purchase Order Invoice Attached per Transaction
  2. Bank Info: Wire Account and Routing Number.

Verification Level: $500,000 USD per Month

  1. Business Info:
    1. Base Document: Business Name, Formation Date, Address, Entity Type, Entity Scope, Email, Phone
    2. Virtual Document: EIN Number
    3. Physical Document: EIN Document from Department of Treasury
    4. Physical Document: Proof of Address
    5. Physical Document: Purchase Order Invoice Attached per Transaction
  2. Beneficial Owner Info:
    1. Base Document: Name, DOB, Address, Entity Type, Entity Scope, Email, Phone Officer
    2. Virtual Document: SSN of Officer
    3. Physical Document: Government Issued ID of Officer
  3. Bank Info: Wire Account and Routing Number.

Verification Level: $1,000,000+ USD per Day

  1. Business Info:
    1. Base Document: Business Name, Formation Date, Address, Entity Type, Entity Scope, Email, Phone
    2. Virtual Document: EIN Number
    3. Physical Document: EIN Document from Department of Treasury
    4. Physical Document: Bank Statement (Proof_of_Accont)
    5. Physical Document: Purchase Order Invoice Attached per Transaction
  2. Beneficial Owner Info:
    1. Base Document: Name, DOB, Address, Entity Type, Entity Scope, Email, Phone Officer
    2. Virtual Document: SSN of Officer
    3. Physical Document: Government Issued ID of Officer
  3. Bank Info: Wire Account and Routing Number.