Seamless Transactions: Skip the KYC
Simplify onboarding. Maximize transactions.
In the world of cryptocurrency, Know Your Customer (KYC) procedures are considered essential to ensure security and compliance with regulatory standards. However, for many users and businesses, the lengthy and often frustrating KYC verification process has become a significant barrier.
The extensive list of documents, passports, proofs of address, and residence permits required often discourages new users from joining the crypto ecosystem. This leads to lost customers and hinders conversion rates.
At Paybis, we understand this pain and have developed a solution to address it.
White-label On/Off Ramp with Streamlined KYC Flow
Introducing our White-label On/Off Ramp, a revolutionary instrument that allows you to eliminate the need for verification for transactions up to certain limits! With its streamlined KYC flow, this solution guarantees a more seamless onboarding process and increases the number of completed transactions.
KYC procedures are implemented by businesses to verify the identities of users and assess their suitability for engaging in financial activities. They are crucial in combating money laundering, terrorist financing, fraud, and other illicit activities.
While the idea of eliminating KYC may sound attractive, it is essential to consider the regulatory landscape and the risks associated with such a move, as completely removing it would expose platforms to increased risks.
Paybis takes a different approach by addressing the problem of lengthy KYC processes.
Our White-label On/Off Ramp solution eliminates the need for verification for transactions in 90% of first transactions.
Behind the Scenes
Behind the scenes, Paybis performs a number of checks to ensure compliance with regulatory requirements. This streamlined approach allows us to verify customers, ensure security and compliance, and provide a smoother onboarding process without burdening users with excessive documentation.
For your customers, this means that they can effortlessly buy cryptocurrencies within 20 seconds, without the hassle of going through the tedious verification process.
By removing the need for verification for some transactions, Paybis empowers businesses to attract and retain more customers and open up additional revenue streams. Our user-friendly onboarding process is especially beneficial for decentralized exchanges (DEXes), decentralized applications (DApps), non-custodial wallets, and even centralized exchanges. It not only streamlines the customer experience but also allows users to access services more quickly and easily, encouraging small transactions and increasing engagement.
Friction-Free KYC
While we prioritize security, we understand the importance of a hassle-free process. For transactions that exceed a certain threshold, our verification process remains simple, with no proof of address required in most cases. This customer-oriented approach allows Paybis to be a leader in enhancing approval rates and reducing customer loss during onboarding.
Contact us today to learn more about how Paybis can transform your business and enhance your customer journey in the world of cryptocurrency.
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at: https://go.payb.is/FCA-Info
