Quote:
Originally Posted by Kelli58
KYC for businesses have been in place in a variety of industries dating back to the Obama area. It's only now being enforced in our sector.
I may not like it but it's a banking regulation that they can't just ignore. It's not their fault. They have to do it to do it to comply with banking regulations. They can't stay in business without complying.
Does it suck dick? For sure. But it's also not going away.
|
Albeit, affiliates aren't customers. CCBill doesn't need to know anything about me other than how to send me a payment in order to pay me. Otherwise, do you have to check names, DOBs, SSNs, addresses of people you buy things from off of Craigslist? Do you need to verify company documentation and paperwork every time you go shop somewhere? If anybody would need to prove the origin of funds, it would be the PAYOR, not the PAYEE. As an affiliate, you are the PAYEE, and a PARTNER, not a customer.
These draconian measures actually contributing towards identity theft. The more unecessary collection of information, the more readily available that information becomes to criminals. I'm far more concerned about what CCBill, or somebody at CCBill, can do with information it doesn't need than the idea of CCBill paying an affiliate commission to an affiliate they didn't collect that information about. Is the act of being an affiliate and generating affiliate commission illegal? No. What is there for the affiliate to prove here?