Banxa applies a tiered KYC model across all supported regions. The required verification tier for a given transaction is determined dynamically by eligibility checks, based on transaction amount, payment method, and jurisdiction. Partners do not control tier assignment. Verification requirements escalate progressively — previously submitted information is retained and not re-collected.
| KYC Flow | Definition |
|---|
| Express | All payment methods. Note for AP&GP, we collect data from the payment wallet to reduce the user entered data. Minimal user data (2–4 fields). No ID documents or liveness check required. |
| Standard | All payment methods. Standard onboarding requiring identity and liveness verification. |
| Additional | All payment methods. Standard onboarding plus additional verification (e.g. source of funds). |
| KYC Flow | Order Limit (€) | Threshold | Collected info |
|---|
| Express | 0–500 | 1st transaction only | Name, Address, DOB, TIN |
| Standard (T1) | 501–9,000 | — | Name, Address, DOB, TIN. Document, Selfie, Purpose of txn |
| Additional (T2) | >9,000 | — | Name, Address, DOB, TIN. Document, Selfie, Purpose of txn. Source of funds |
Supported countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Croatia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden
| KYC Flow | Order Limit ($) | Threshold | Collected info |
|---|
| Express | 0–250 | Up to 250/week, 1,000/month, 12,000/year | Name, Address, SSN |
| Standard | 251–15,000 | — | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation, SSN |
| Additional | >15,000 | — | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation, SSN. Source of funds |
Supported states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, Vermont, West Virginia, Wyoming
Not currently supported: New York, American Samoa, Guam, Louisiana
| KYC Flow | Order Limit ($) | Threshold | Collected info |
|---|
| Express | 0–600 | Up to total of 600, max 5 transactions | Address, DOB |
| Standard | 601–15,000 | — | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation |
| Additional | >15,000 | — | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation. Source of funds |
| KYC Flow | Order Limit (£) | Collected info |
|---|
| Standard | 0–8,000 | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation. Questionnaire, Category, Cooling off |
| Standard + POA | 8,001–15,000 | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation. Questionnaire, Category, Cooling off. Proof of address |
| Additional | >15,000 | Name, Address, DOB. Document, Selfie, Purpose of txn, Occupation. Questionnaire, Category, Cooling off. Proof of address. Source of funds |
| KYC Flow | Order Limit ($) | Threshold | Collected info |
|---|
| Express | 0–500 | 1st transaction only | Name, Address |
| Standard | 501–9,000 | — | Name, Address, DOB. Document, Selfie |
| Additional | >9,000 | — | Name, Address, DOB. Document, Selfie. Source of funds |
Supported countries: Andorra, Switzerland, Chile, Gibraltar, Guernsey, Hong Kong, Iceland, Isle of Man, Japan, South Korea, Liechtenstein, New Zealand, Norway, Singapore, San Marino
| KYC Flow | Order Limit ($) | Collected info |
|---|
| Standard | 0–15,000 | Name, Address, DOB. Document, Selfie |
| Additional | >15,000 | Name, Address, DOB. Document, Selfie. Source of funds |
| KYC Flow | Order Limit ($) | Collected info |
|---|
| Standard | 0–15,000 | Name, Address, DOB. Document, Selfie. Purpose of txn, Occupation |
| Additional | >15,000 | Name, Address, DOB. Document, Selfie. Purpose of txn, Occupation. Source of funds |
All other supported countries not listed in the regional sections above.
| US | Canada | Europe | Selected Regions |
|---|
| Customer details required | Full Name, Address & SSN | Full Name & Address | Full Name, DOB, TIN & Address | Full Name, DOB & Address |
| Transaction Limit | 250 USD | 600 CAD | 500 EUR | 500 EUR |
| Daily Limit | 250 USD | 600 CAD | 500 EUR | 500 EUR |
| Weekly Limit | 250 USD | 600 CAD | 500 EUR | 500 EUR |
| Monthly Limit | 1,000 USD | 600 CAD | 500 EUR | 500 EUR |
| Annual Limit | 12,000 USD | 600 CAD | 500 EUR | 500 EUR |
| Maximum Transactions | — | 5 | 1 | 1 |
| US | Canada | Europe | Selected Regions | Rest of World | Australia |
|---|
| Customer details required | PD + Document + Liveness + Purpose of txn + Occupation | PD + Document + Liveness + Purpose of txn + Occupation | PD + Document + Liveness, DOB, TIN | PD + Document + Liveness, Selfie + DOB | PD + Document + Liveness | PD + Document + Liveness, Selfie + DOB + Source of funds |
| Transaction Limit | 15,000 USD | 15,000 CAD | 15,000 EUR | 15,000 EUR | 15,000 AUD | 15,000 AUD |
| Daily Limit | 15,000 USD | 15,000 CAD | 15,000 EUR | 15,000 EUR | 15,000 AUD | 15,000 AUD |
| Weekly Limit | 30,000 USD | 30,000 CAD | 30,000 EUR | 30,000 EUR | 30,000 AUD | 15,000 AUD |
| Monthly Limit | 100,000 USD | 100,000 CAD | 100,000 EUR | 100,000 EUR | 100,000 AUD | 15,000 AUD |
| Annual Limit | 100,000 USD | 100,000 CAD | 100,000 EUR | 100,000 EUR | 100,000 AUD | 15,000 AUD |