My understanding is the prompt will only appear if the transaction size exceeds the threshold mandating KYC collection. I understand you can create an account that holds your KYC information so all you need to do is login to proceed with the transaction and the continue as a guest button will allow you to enter your KYC information on a one time basis I dont think using this button will allow you to bypass KYC.
of course it won't. that's not what i suggested. i said they will probably mandate accounts eventually and remove the option to transact as a guest. you can't KYC as a guest anyway---if the threshold is triggered, you need to create an account. bitpay says this is a one-time verification which implies it must be linked to an account.
I just tried to complete a purchase on bitpay above the threshold, and you are correct, you do not have the option to continue as a guest, and must create an account to complete KYC.
BitPay will only collect KYC information to the extent that they have to.
maybe, but that's a slippery statement.
[/quote]There are plenty of competitors to BitPay. No one wants to show ID to buy a $50 walmart gift card, and if they are forced to do so, they probably will not buy from the merchant using BitPay as a payment processor, so the merchant will switch to a competitor if this happens.