Article 6
The types and transaction functions of e-payment accounts opened by users with an electronic payment institution are as follows:
1. Type 1 e-payment account: An e-payment account for individual users that offers the functions of collecting and paying funds for real transactions and accepting deposit of stored value funds but without the function of accepting payments or fund transfer between e-payment accounts.
2. Type 2 and 3 e-payment account: An e-payment account for individual users and non-individual users that offers the functions of accepting payments, making payments and accepting deposit of stored value funds.

Article 8
When an electronic payment institution accepts individual users to register and open a Type 1 e-payment account, its identity verification process shall comply with the following provisions:
1. Verifying the mobile phone number provided by user; and
2. When national ID card is provided, checking the user’s ID card issuance record with the Ministry of the Interior or JCIC to verify data veracity; when resident certificate is provided, checking the veracity of data with the Ministry of the Interior.
For users whose identity cannot be verified according to Subparagraph 2 of the preceding paragraph, payment and deposit of stored value funds should be made in a manner where the movement of funds is traceable.
Payment made in a manner where the movement of funds is traceable mentioned in the preceding paragraph shall be limited to transfer of funds from deposit account, credit card charges or other payment methods approved by the competent authority.

Article 12
When an electronic payment institution accepts non-individual users to register and open a Type 2 e-payment account, its identity verification process shall comply with the following provisions:
1. Confirming the payment instruments used by user; and
2. Requesting the image file on user’s registration paper or license or approval document for establishment, and representative’s identification document. A Taiwanese governmental agency, public school, state-owned enterprise, or a business or foundation, of which the representative is appointed by the government according to the law, may be exempted from this requirement.
Paragraph 2 of Article 9 herein applies mutatis mutandis to payment instruments provided in Subparagraph 1 of the preceding paragraph.
With respect to the image file on registration paper or license or approval document for establishment requested from onshore non-individual users in accordance with Subparagraph 2 of Paragraph 1 hereof, the electronic payment institution shall check the registration data with the Ministry of Economic Affairs, Ministry of Finance or the competent authority in charge of user’s line of business.

Article 17
The transaction limits on e-payment accounts opened by users with an electronic payment institution are as follows:
1. Type 1 e-payment account: Cumulative payment for real transactions shall be limited to an equivalent of NT$30,000 per month; the balance of stored value funds deposited shall be limited to an equivalent of NT$10,000.
2. Type 2 e-payment account: Cumulative payment received and made shall be respectively limited to an equivalent of NT$300,000 per month.
3. Type 3 e-payment account: Cumulative payment received and made for real transactions per month shall be agreed between the electronic payment institution and the user; for individual users, the cumulative payment received and paid via transfer between e-payment accounts shall be respectively limited to an equivalent of NT$1,000,000 per month; for non-individual users, the cumulative payment received and paid via transfer between e-payment accounts shall be respectively limited to an equivalent of NT$10,000,000 per month.
An electronic payment institution may consider its risk tolerance or users’ actual need, and raise the cumulative payment amount for real transactions per month. However, the cumulative payment amount for real transactions per month shall not exceed NT$ 100,000 or its equivalent, and the cumulative payment amount for real transactions per year shall not exceed NT$ 360,000 or its equivalent.