Post
Topic
Board Service Discussion
Re: Hosting companies that don't ask for KYC?
by
EarnOnVictor
on 09/01/2024, 10:03:28 UTC
The same thing applies to Vultr, I never had any issues with them but I did see a couple of users here saying they did ask them for personal info before.

Vultr requires to do one payment/deposit with Paypal or credit card first before you can use crypto payments what results in an indirect KYC. I don't know if this may not have been the case in the past, but it was the case a few months ago when I wanted to test Vultr.
You are constructive enough, and if this is true, then it means that Vultr is indirectly doing KYC as you said but this is still not how it is supposed to be. Every company knows how it operates and the law that binds it which it must obey, which might give some a kind of soft landing. But nothing can be as thorough as the company itself allowing the KYC and using its own standards that ensure that it is done and the customer complies.

Fine, PayPal is somewhat good with their verification, but in some countries, they are too light, or you should I say careless. Not even these days that people are now buying verified PayPal accounts which makes it still careless on the part of Vultr to indirectly rely on another company for their KYC.