Browsing through the company profiles internally on the Marvinet platform, one can see different statuses related to completed verifications by companies on the portal.
The following is an overview of the statuses that can be viewed internally within the company profiles, with an explanation of their respective meaning attached
New Company, without verification
The status represented below is automatically assigned to all new companies that register with the Marvinet portal. This status is maintained for up to thirty days from the time of registration and signals that the company is new to the portal and has not currently completed any verification procedures.
Companies that are in this state are considered a “grace period,” or a time limit in which we consider it possible and legitimate that no verification activities have been carried out.
“Late To Verify” Companies
Companies in this status have been registered in the Marvinet portal for more than thirty days and have not completed any of the verification procedures.
Exceeding thirty days from the time of registration, companies that do not perform identity verification remain available for consultation, but are flagged by a red badge.
Being late with verification is not necessarily an indication of a bad corporate reputation.
Companies that have completed the Kyb audit
Companies in this status have completed Kyb verification and are therefore considered “partially verified.”
Companies of this type are allowed to enter bids into the platform, but cannot access Marvinet’s internal Secure Transaction feature, as they have not yet completed escrow account opening
Companies that have completed Kyb verification and Escrow account opening.
Companies in this state have completed both the Kyb procedure and the Escrow account opening.
Marvinet can 100% guarantee the authenticity and legitimacy of these companies to operate on the platform.
With companies that are in this status, it is possible to conduct secure transactions in the platform.
