[apimade]

How do you handle customer password resets when an email service provider locks them out?

Do you just keep the money? Or do you send it to the government who keeps it, because they can’t assign it to a person?

KYC is a speed-bump for criminals, yes. But it’s also the only way to support the finance system for regular people.

What happens when you have a financial system where there is no people or traceability tied to funds? You know the answer, it’s a loaded question.

[crtasm]

Send $1 from a previously used payment account/card?

[apimade]

At that point you're effectively delegating KYC through Visa/Mastercard who will run KYC processes. It also ignores scenarios where multiple things are stolen at once (eg malware, cons, etc).

[crtasm]

I can't think of a type of online business that stores money but doesn't take payments from bands/credit cards/paypal/etc. ?