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Wow, that's all? Wise made me send them $20 to prove myself before they would allow me to accept money from a friend whom I loaned $500 during covid (also thro
by latchkey 3y ago
Wow, that's all?
Wise made me send them $20 to prove myself before they would allow me to accept money from a friend whom I loaned $500 during covid (also through Wise).
Of course, I could withdraw it afterwards, for another small fee.
If only there was an easy decentralized way to send money around the world without all this KYC bullshit... I know that there are criminals in the world abusing the system and we all have to pay for it, but still... there should be a way to mark yourself as "global entry" and stop presuming that you're a fraudster...
- gwnywg 3y agoSome time ago I had to deposit £20 in order to open an account in another country, which I could accept :) but them storing photo of my ID... makes me feel bad. I would send it if it was used as mean to confirm my data and then erased. If they store it I'm trying to evaluate risk I'm taking...
- latchkey 3y agoMost companies farm the ID check out to a third party. At this point, I just assume my ugly picture is going to be leaked or sold. If you don't want this, then you should look at other ways of sending money around the world.