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> Why would one try to "verify" addresses that one knows nothing about? So you aren't shipping your product to some place that doesn't exist. Also, some KYC r

> Why would one try to "verify" addresses that one knows nothing about? So you aren't shipping your product to some place that doesn't exist. Also, some KYC requires that you verify the address of the person.

derdi 1y ago
> So you aren't shipping your product to some place that doesn't exist. But businesses can't usually verify whether a place exists. The best they can usually do is to verify whether a place has an entry in their database of supposedly all places that supposedly existed at a point in time that is necessarily in the past. That's not the same thing. Trust me, I would know: I live in a new-ish building, and for at least two years after it was completed and people were living here, some businesses still refused to take my money because they claimed that my address didn't exist. That was neither in their interest nor in mine. > Also, some KYC requires that you verify the address of the person. Define "verify". Verify that they provided some address that exists somewhere, possibly unconnected to the person? Worthless. Verify that they can receive mail at said address? OK, but doesn't require you to parse the address, just to print it onto a label and let the post office worry about it.
- mpeg 1y ago
  It’s not just verifying that the address exists, for KYC you usually check if the address is linked to that person, and to do so you need some way to account for variations in the way the address is written.
grapesodaaaaa 1y ago
In the shipping scenario, you can’t really know if it’s a local address or not without talking to someone with local knowledge. The FAA even legally accepts “third house down from the barn” in some instances. The KYC scenario is different, and a PITA for people like me, because I spent half my life without a physical mailing address (we picked it up at the post office). The real world is messy, and u feel like SV and finance have done a lot of hand waving to ignore this.

derdi 1y ago

> So you aren't shipping your product to some place that doesn't exist. But businesses can't usually verify whether a place exists. The best they can usually do is to verify whether a place has an entry in their database of supposedly all places that supposedly existed at a point in time that is necessarily in the past. That's not the same thing. Trust me, I would know: I live in a new-ish building, and for at least two years after it was completed and people were living here, some businesses still refused to take my money because they claimed that my address didn't exist. That was neither in their interest nor in mine. > Also, some KYC requires that you verify the address of the person. Define "verify". Verify that they provided some address that exists somewhere, possibly unconnected to the person? Worthless. Verify that they can receive mail at said address? OK, but doesn't require you to parse the address, just to print it onto a label and let the post office worry about it.

mpeg 1y ago
It’s not just verifying that the address exists, for KYC you usually check if the address is linked to that person, and to do so you need some way to account for variations in the way the address is written.

grapesodaaaaa 1y ago

In the shipping scenario, you can’t really know if it’s a local address or not without talking to someone with local knowledge. The FAA even legally accepts “third house down from the barn” in some instances. The KYC scenario is different, and a PITA for people like me, because I spent half my life without a physical mailing address (we picked it up at the post office). The real world is messy, and u feel like SV and finance have done a lot of hand waving to ignore this.