wanda p.

I listed a small website on flippa for x, xxx. After paying 200 dollars Flippa asked for my id. But not just my id. They asked to me to hold my id next to my head. I looked around to see what reviews exist about Flippa and their verification process.
Apparently they want to use what banks use to verify customers, KYC. Which stands for Know Your Customer.
Flippa states their escrow is "powered" by Assembly Payments.
Looking up reviews and information on Flippa plus Assembly Payments doesn't yield good results.
Claims are being made that Assembly Payments (formerly known as PromisePay) was fined over 20,000 dollars for operating illegally without a license in Texas.
The State of Texas additionally made Assembly Payments get a license because it is illegal to operate in every state in America without either a money transmitter license and/or an escrow license for the type of business that Texas decided that Assembly Payments was operating as.
Checking online with many states, I can not find licenses for the escrow service that Flippa is partnered with. People online state that Flippa states that their escrow service is accredited.
That is true. Accredited in Australia under a license that covers low level transactions in Australia.
So Flippa is collecting very private and sensitive identification from users while their own escrow service is apparently unlicensed in majority of states in America.
Because of this, I will not be sending in my id to Flippa and instead will let everyone I know in the domain and website marketing community know how we're all sending in private info under KYC to a company that doesn't have proper licenses to even offer Escrow in most of America. (And perhaps other countries too!)