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  • emghemgh Member, Megathread Squad

    They’re also fetching the data that they want a notary to sign THEMSELVES, so they KNOW the data is correct, which makes it even dumber

    And they also fetch the data wrongly, I think they have one system that dosen’t take into account that EU countries work differently

  • yoursunnyyoursunny Member, IPv6 Advocate

    @Levi said:

    @yoursunny said:

    @Levi said:
    All those payment processors know that those software has “add balance” function, which is prohibited by all payment gateways (you can’t act as bank).

    How can one ruin a provider by reporting to PayPal regarding the existence of "add balance" button on their billing panel?
    (asking for a friend who has a grunge against certain provider)

    Report like this:

    “I have added 250€ balance to provider X and he refuse to refund”.

    This sentence will ignite paypal attention and provider toasted.

    250€ is a lot of money for those living in small villages.
    Could this be $0.01 (one penny)?

  • LeviLevi Member

    @yoursunny said:

    @Levi said:

    @yoursunny said:

    @Levi said:
    All those payment processors know that those software has “add balance” function, which is prohibited by all payment gateways (you can’t act as bank).

    How can one ruin a provider by reporting to PayPal regarding the existence of "add balance" button on their billing panel?
    (asking for a friend who has a grunge against certain provider)

    Report like this:

    “I have added 250€ balance to provider X and he refuse to refund”.

    This sentence will ignite paypal attention and provider toasted.

    250€ is a lot of money for those living in small villages.
    Could this be $0.01 (one penny)?

    Make it few hundred of such transactions and provider is gone.

  • ManishPantManishPant Member, Host Rep

    @AK_KWH Checkout with adyen.com

  • WebProjectWebProject Veteran, 🚩 Host Rep Tag Suspended

    @emgh said:

    @tentor said:

    @emgh said: Tried Revolut after this comment. Scum. Avoid.

    Would you mind to share more info about them?

    They want you to verify everything that’s easy like ID, video of your face, company documents, utillity bills, etc.

    Then, they’re like ”Oh btw, your registration certificate has to be signed by one of these notaries”

    I guess their analytics show that if you ask for that once lots of effort has alredy been put into the approval, people are less likely to deny, that itself is enough to make them scum IMO

    Told them that advertising lower fees while being the only bank I’ve ever dealt with that requires that is stupid, they sent a retarded canned response explaining what they need, and I asked them to just remove everything

    Had a very similar experience with another ”fintech” bank recently. Had some questions and their support answered differently everytime

    Seems everytime I think tech bros are ready to take over banking, they prove they’re not

    Your bank will do the same, KYC is commonly used by financial companies as otherwise how do they know you are not scammer?

  • tentortentor Member, Host Rep

    @WebProject said: Your bank will do the same, KYC is commonly used by financial companies as otherwise how do they know you are not scammer?

    I am sure there is no issues with KYC itself. The issue is how they implemented it:

    Then, they’re like ”Oh btw, your registration certificate has to be signed by one of these notaries”

    Thanked by 1emgh
  • emghemgh Member, Megathread Squad
    edited August 2024

    @WebProject said:

    @emgh said:

    @tentor said:

    @emgh said: Tried Revolut after this comment. Scum. Avoid.

    Would you mind to share more info about them?

    They want you to verify everything that’s easy like ID, video of your face, company documents, utillity bills, etc.

    Then, they’re like ”Oh btw, your registration certificate has to be signed by one of these notaries”

    I guess their analytics show that if you ask for that once lots of effort has alredy been put into the approval, people are less likely to deny, that itself is enough to make them scum IMO

    Told them that advertising lower fees while being the only bank I’ve ever dealt with that requires that is stupid, they sent a retarded canned response explaining what they need, and I asked them to just remove everything

    Had a very similar experience with another ”fintech” bank recently. Had some questions and their support answered differently everytime

    Seems everytime I think tech bros are ready to take over banking, they prove they’re not

    Your bank will do the same, KYC is commonly used by financial companies as otherwise how do they know you are not scammer?

    I have been having enough both personal and business relationships with real, non fintech banks, to know that's not how they treat clients, nor how they do their verification.

    Most importantly, however, you're missing the issue I have with them. They're dishonest scum.

    @tentor said: I am sure there is no issues with KYC itself. The issue is how they implemented it:

    Bingo.

    Now they'll keep my personal details because of banking laws without me ever having used their services.

    Hey, at least they can hit some of their KPI's this way!

    Thanked by 1WebProject
  • emghemgh Member, Megathread Squad

    I guess the reason they feel that they need to require notary signed documents etc (not the reason for being scum about it though) is because it's so easy to do fraud online.

    When I last registered a company, the bank simply asked to meet and talk for a bit before activating my accounts. Online banks don't have that ability, so they have to go the extra mile instead. Add tech bros and their KPI's to the equation and the story is always the same: Deceptive practices, really shitty support and random account terminations because of metrics and indicators, traditional banks with offices where they can meet their clients really have an edge here I think.

  • chiccorossochiccorosso Member

    Revolut

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