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Online payment systems need to have stronger KYC, because people are opening accounts there online, not in person.
That's why when you are opening account in most of foreign banks, you only need to show your travel passport and nothing else.
And when accounts are opened online, banks, payment systems, online trading companies etc - are requiring more documents, scanned in good quality, notarized copies etc.. because when accts are opened online, there are much more chances of fraud to happen.
And yes, keeping big amounts in any of online payment systems is stupid - they are not banks and are not intended for that. Withdraw and put to bank deposit, whats the problem...
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