Limit for no-KYC is per account, cumulatively across transactions.

The company "Archway Finance" JSC is registered in Bulgaria: https://portal.registryagency.bg/CR/en/Reports/ActiveConditionTabResult?uic=207778041
It is also registered at the "National Revenue Agency Public Register of Providers Engaged in Exchange Services between Virtual Currencies and Fiat Currencies and Custodian Wallet Providers". In simple terms, an EU license to operate with and exchange cryptocurrencies.

Thank you so much for taking the time to check the FAQ and reporting here. It definitely needs a new pass, will fix asap.

In general invoicing and payment is done after work has been provided, so on our side we just assume if the client decided to pay it means they are happy with whatever was done. Most of the invoices we see on the platform happen end of month, for the past month of work.
Maybe the issues you describe could happen when the invoicing is done for something ongoing and the freelancer does not fulfill something agreed beforehand. To be honest we never had the case. I can't speak for the compliance team, but intuitively I think if the fiat payment to us was reversed (for a good reason) we would most likely blacklist the freelancer.

Generally both the freelancer and the client just want to work together and are cooperative.

Once a freelancer has generated an invoice on Archway, they have to send it on their own to the company - usually they are in touch with whoever they work with anyway. The company then may or may not pay it. These steps are independent from us.
If the invoice is never paid, nothing happens. In fact we often see new users generating test invoices for fun, which are never sent or paid.

But if the invoice happens to get paid, aka the fiat transfer arrives on Archway's bank account, we immediately match it by reference and pay the corresponding crypto to the freelancer.
So I'm not sure at which point a refund would come into play? Maybe I misunderstand the question.

Totally, it's an added benefit for the payee to have these documents generated by Archway. It acts as a source of funds for the crypto received.

Being "underbanked" is not just something intrinsic to an individual. It's more about the relationship between payer and payee, or the lack thereoff. When it's complicated for the payer to pay with reasonable fees and timing the bank account of the payee because (usually) they are in different countries or continents. A huge example of such a market is all contractors (software devs, designers...) working from SE asia, Africa or South America for EU or UK companies.

We do not need to open any account for them, we are not a bank ourselves. There is a light touch KYC above 1000€, but not comparable to banks. I suppose that's where the use of crypto make things easier. As an example we are currently seeing an uptick of freelancers from Pakistan which we have no problem registering on the platform.

Yeah the service is definitely not useful to you if you can easily receive fiat for whoever you invoice and also are comfortable converting yourself.
Target audience is more like everyone who would struggle to get paid in fiat (usually because they leave in a far-away country). In that case Archway makes it as easy as if everyone would be "local" in the same country/banking system. Plus it provides invoices that support clean accounting on both sides, notably for the payee it supports a source of funds of their crypto if ever needed.

Anyway thanks for having a look and the feedback!

Correct, you register on the platform with your email and phone number. There is no KYC up to 1000€, and it's light touch above that.

Ok that is wrong, our FAQ is currently confusing sorry about that! EUR or USD accounts are potential new features we may offer in certain countries in the future but that is unrelated to the basic invoicing service.
You do NOT need to have any bank account (and we don't offer this) if you just want to create invoices and get paid in crypto

[ reserved for future announcements ]

---

About a year ago I founded Archway with a couple of friends. The idea is simple: a lot of freelancers and contractors want to get paid in crypto when they send invoices (by choice, or because they're underbanked). However it can be difficult to convince payers to actually settle invoices in crypto. The fact is that dealing with crypto is still complicated for most companies (accounting, value fluctuation, added tax burden, exposure to bank arbitrarily freezing funds or closing accounts, etc.). Hence, it's unlikely that companies which are not already working in the cryptospace will bother paying their contractors in anything else than fiat.

Archway solves this problem by acting as a nearly stealth, instant intermediary.

  1. A freelancer (let's call her Alice) generates an invoice for her work for company CO. A simple invoice editor on Archway's website makes it dead easy to generate a nice PDF.
      Alice also specifies on the website, to which address she wants to receive her crypto payment once the invoice will be paid by company CO.
  2. Alice sends the PDF invoice to company CO. The trick is that Archway has added its own bank account credentials on the invoice.
  3. CO pays the invoice, and the fiat is received by Archway. Bank transfers are usually same day in EU and UK.
  4. When Archway receives the fiat payment on its bank account, it will instantly transfer to Alice the equivalent amount in crypto, to the address of her choosing.

This way, the paying company does not need to touch crypto at all. In fact it may not even be aware that crypto is involved whatsoever, which is awesome because any contractor can get paid in crypto without the need to convince anyone or even discuss it! In general, any individual or business sending invoices around for their work can get paid in crypto without asking anyone's permission.


Nowadays we are seeing a nice increase in monthly volume of invoices processed by Archway.
In particular it is amazing to witness individuals and businesses trying the platform just once, then sticking to using it month after month, often for their entire payroll.   

Currently supported:

• Geographical areas for payers: EU & UK. Soon US.
• Geographical areas for payees: Anywhere in the world 
• Fiat currencies to pay invoices: EUR, GBP. Soon USD.
• Crypto currencies to get paid: BTC BTC, USDT, USDC.

We are currently expanding operations and adding more fiat currencies, notably USD. We are also considering additional cryptocurrencies. If you are an existing Archway user and would like an additional cryptocurrency on the platform, do tell us, we welcome any feedback and always put users first. We also have more features in the pipe and will enrich services on both sides of the invoicing process. And as for all services I've built in the past, we always have the best support in town 
This post will be updated as more features are added to the platform.

Happy to receive feedback and answer any question in this thread, you can also reach out to me personally if preferred. Cheers!

I treated myself with a complete set and I've just received them.

They are really beautifully made. Heavier than I expected, feels like quite massive pieces of art once in hand.
The metal certificates are also nice pieces by themselves.

Wonderful Monero collectibles all around. Now I just need to build some nice wood/glass box to display them properly

Official statement from @dashpay on Twitter:

"From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash"



This project has been lying for many years (and anyone scrolling to thousands of pages of this thread can verify this). Now it not only admits that it was BS, but it even professes the exact opposite.
Shame isn't a problem, when all you care for is profit.

Gorgeous, very happy to get one set! 

Keep going and find peace.

And pay your debt to me.

For the first time you can play dice and enjoy suspense

Have a look at the new, revolutionary DICE gameplay: https://s4.gifyu.com/images/LuckyBit_dice_gameplay4.gif
The real thing is at https://luckyb.it/dice

For the first time you can play dice AND enjoy live community action + suspense

You stole close to 40 BTC from me (this sum does not include any interests, just the sum you took away directly by never executing my requested withdrawal, and running away with the funds then going dark).
As I said I am willing to forget the interests. However I expect payment of the principal in full.

This has been fixed already and everyone can check everything.

That thread for instance? https://bitcointalk.org/index.php?topic=1890786.0

Here is my address, if you are serious prove it, you owe me 39.223 BTC: 1M2JY1Ao7HbutzAPh6HAJniYAfYfsP83zU.
(I agree to waive the interests provided you pay me in a timely manner from this message).


EDIT: see also this spreadsheet from the time, that lists the BTC you owe to everyone: https://docs.google.com/spreadsheets/d/1zR5PszQOQyqnmX7b1CR4XtskcGWAtsHeGbZAWOYgi_o

This is good to hear.
I believe to be one of the largest creditor of yours (at least related to the abrupt end of CK and withdrawals you suddenly did not honor).
You owe me 39.223 BTC plus interest. I am ok to forget the interests if you can resolve the 39 BTC.

Risto Pietila still owes me 40 BTC (plus interests).
I believe all together he stole at least 600 BTC to the various people he scammed at the same time as me.

This coming back for a new scam is one more insult.

I'll take #70 for each set, but it's not for me, it's a proxy for someone else a bit special.
I will contact you via PM to explain.