#Bitpay irs verification#
What documents are accepted?īitPay users can use a passport as identity verification in over 195 countries. Payments ≥ 3000 USD or refunds ≥ 1000 USD require users to provide additional verification (verification requirements may differ by region and/or amount) by obtaining a BitPay ID.īusiness users who wish to make payments or receive refunds within these thresholds must complete ID verification as individuals. You can review BitPay’s Privacy Policy for more information about how BitPay collects, stores, uses, and protects your information. You can review Onfido’s Privacy Policy for more information on how Onfido protects and uses your information. Onfido Reports provide both Document Verification (whether the identity document is likely to be genuine) and Facial Verification (whether the person providing the document is the same person as in the document). Onfido provides the results of their Identity Verification Services with BitPay. How do Onfido and BitPay share my information? If yes to both, the user’s identity is verified. Onfido then verifies whether the identity document is genuine and whether the photo or video of the user’s face appears to match the photo on the identity document. For example, when verifying the identity of a user, Onfido asks for an image of the user’s identity document as well as a picture or video of their face. To provide their services to BitPay, Onfido collects certain information from users. Onfido provides Identity Verification Services.
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BitPay ID verification for BitPay Dashboard is performed by Onfido.