Know Your Customer (KYC) Verification

Julie
Julie
  • Updated

RECUR practices and complies with KYC to verify a user’s identity and to prevent fraud. Protecting our customers and the integrity of our platform is of utmost importance. Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.

KYC will be required for users who wish to participate in the secondary Marketplace, or if you meet a purchase threshold of $2,000 within a 24 hour period or $10,000 over an account's lifetime.

We will not store and sell your confidential information. Your identity will remain secure and be used only to ensure you are not committing fraudulent activity.

KYC is necessary to help us nurture a safe platform and set of experiences for ALL users. If you have any questions or concerns regarding the KYC process, we’re happy to address them and speak with you so you can understand why this is a necessity for us to operate.