[Yonah E]

Lots of funders started using KYC ID verification where the merchant has to take a picture of their license and then a selfie to match up that the person who is actually taking the funding is actually the owner of the business.
This is the easiest way to ensure that fraud like this does not occur and it is not a big pain for the ISO / merchant.

[abfunders]

Lots of funders started using KYC ID verification where the merchant has to take a picture of their license and then a selfie to match up that the person who is actually taking the funding is actually the owner of the business.
This is the easiest way to ensure that fraud like this does not occur and it is not a big pain for the ISO / merchant.

Just beware, don't rely on that entirely. Someone recently posted on LinkedIn that an ISO submitted to a KYC had a DL and picture that passed everything, but they still somehow caught that it was AI-generated. I saw the pictures they posted, they looked "too perfect". I'll be honest, the Jewish-sounding name (like "David Goldstein" or something) didn't have an owner who looked like he was likely Jewish.