Payment processor to connect to shopify

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
Any payment processor will ask you for KYC documents. There is no exception of that. Should there be one that don't do that don't use them run!
 

Sols

Building Trust
Entrepreneur
A financial service provider which doesn't comply with financial service regulations won't be around for long.
 

Bmw850

Trusted Member
Business Angel
Mentor Group
A lot of financial service begun their business by being cool regarding to KYC because they need to onboard to customers.
Then 2 options are showing up :
- They go with your money, as they was cool , they don't know you well ( no KYC ) but you don't know them too.
- They de-risking and try to be more legit to stay on the market in front of regulations due to their business, and you find yourself with an account blocked until you provide documents.

So my tip is like that, no matter what, company formation, bank/emi, processor etc are only tools to make business, and you need good tools to make good business. Avoid all the short and easy ways. Build a serious set up with serious partner, in this case processor.
 

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
- They go with your money, as they was cool , they don't know you well ( no KYC ) but you don't know them too.
What payment processor you think work like that, can you name one?
 

Bmw850

Trusted Member
Business Angel
Mentor Group
What payment processor you think work like that, can you name one?
I don't have, i would have named it. I gave OP some high lights on what will happened with this kind of search.
 
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