Live KYC being slowly implemented.

[dsdominators]

Anyone else that's creating accounts noticing how on co.uk they are slowly implementing the Live KYC verify your account's identity?

I've got a few accounts here and there that are only giving me the option to do the Live KYC, no option to upload at all.

If they implement this cr*p we'll need to step our game up big time

[phaz0rz]

Used to be fairly common to offer young/broke people $50 or whatever to have them setup a seller account with their info.


No doubt this kind of verification will be mandatory for all registrations soon. Basic corporate risk aversion, blah blah blah. Buy an ID?

[ft16]

Surprised they didn't implement it for all new accounts years ago to be honest.

[itslouis2003]

wonder if idgod still exists

[rsot]

Originally Posted by itslouis2003

wonder if idgod still exists

Morning chuckles they still do but I haven't met ppl with success from them...experiences always welcomed

[itslouis2003]

Originally Posted by rsot

Morning chuckles they still do but I haven't met ppl with success from them...experiences always welcomed

haven't used them in a good 6-7 years but they used to work for things i won't mention here

[phaz0rz]

Originally Posted by itslouis2003

for things i won't mention here

We know what that means, mr. h4x0r

[itslouis2003]

Originally Posted by phaz0rz

We know what that means, mr. h4x0r

Never me i was talking about a friend of a friend

[Nimble]

The end is coming...

[dsdominators]

Originally Posted by Nimble

The end is coming...

We'll find ways around it.

[Automasters]

Where there's a will, there's a way. The only limits are the time and money you're willing to spend to find a solution...

[deepsofts]

If there is economic interest, there will be solutions.

[wisewords]

i got hit with the kyc live option for one of my new accounts, however, there was an option to cancel and not proceed with it and send a bank statement instead which would take 3-4 days to verify...as opposed to the instant route a live check would have provided.

so atleast they give the option to not have to go down the route of a live video and selfie...

ill wait and see if my statement did the trick in 3-4 days.... it would be interesting to kow if this bank statement route would be used for bank verification as well.. atleast the savers accounts can get back to motion again

[Nimble]

Yeah I need to submit bank statements for a couple of accounts as microdeposit option is not available. Haven't submitted them yet. Let us know how you get on.

[itslouis2003]

Originally Posted by wisewords

i got hit with the kyc live option for one of my new accounts, however, there was an option to cancel and not proceed with it and send a bank statement instead which would take 3-4 days to verify...as opposed to the instant route a live check would have provided.

so atleast they give the option to not have to go down the route of a live video and selfie...

ill wait and see if my statement did the trick in 3-4 days.... it would be interesting to kow if this bank statement route would be used for bank verification as well.. atleast the savers accounts can get back to motion again

Please do provide an update here

[wisewords]

UPDATE:

i think it has been fixed...the red banner is no longer there.its gone blue...and when i click on the previous message to verify identity...it says "nothing to resolve"

ill still keep an eye out on it for some days but all good for now.

[Freddyferdinand]

Interesting. Do you think PayPal is gradually rolling this out to everyone, or is Live KYC only being triggered on certain accounts based on risk?

I imagine PayPal would have to weigh up the cost/benefit — better identity verification and risk control versus the extra friction and potentially losing legitimate sign-ups because people don’t want to go through Live KYC.

Also wondering how widespread this is outside the UK. If they eventually make it mandatory for every new account, that would be a pretty significant change from the old verification process.

Originally Posted by dsdominators

Anyone else that's creating accounts noticing how on co.uk they are slowly implementing the Live KYC verify your account's identity?

I've got a few accounts here and there that are only giving me the option to do the Live KYC, no option to upload at all.

If they implement this cr*p we'll need to step our game up big time

[ebayfocker]

Originally Posted by wisewords

UPDATE:

i think it has been fixed...the red banner is no longer there.its gone blue...and when i click on the previous message to verify identity...it says "nothing to resolve"

ill still keep an eye out on it for some days but all good for now.

Just to be clear, we are talking Paypal accounts here, right?