Almost all Profee clients face the need to verify their accounts. After they exhaust the 1 000 EUR limit, they must provide more details to continue sending money with us. Many people find all the verification procedures extremely complicated or unsafe and sometimes need help understanding why verifying an account is necessary.
After reading this article, you will clarify all the issues regarding KYC and account verifying procedures.
Why do we ask for account verification?
While we want to keep our service accessible, our top priority is the safety of Profee transfers and your data. To keep it and comply with the law, we ask you to:
Provide a proof of your identity;
Go through a liveness check.
Sometimes we additionally ask you to send us a proof of your address in Europe.
If you need more details on the process, check out our step-by-step guide on upgrading your Profee account.
We understand that some people may feel uneasy about sending photos of their documents online. They are concerned that their private information may be compromised and are often correct. Every now and then, news about major hacks and data breaches comes up, and cyber criminals target ordinary people. At the same time, when you come to a bank, you submit your passport to a bank officer; in many cases, they will make a copy of your passport that will be stored in a bank.
At Profee, we use an AI-powered bot to increase the transfer limits. More than 90% of our customers have their accounts verified in minutes, right after supplying the necessary documents – and our human staff does not see their records. Moreover, we use security protocols of the highest level to ensure that all the information you provide us stays safe. The security requirements are regulated by law, so we have one more reason to pay special attention to them.
Now that you know why Profee verification is safe and easy let us tell you more about the advantages of upgrading your account to Plus!
What are the benefits of Profee verification?
Increasing your transfer limit
First of all, your transfer limit will rise from 1 000 EUR to a solid 30 000 EUR annually!
Increasing the number of your transfers
After registering at Profee, you can send up to four transfers without verifying your identity. Yet, after a short and simple interaction with the Profee verification bot, the number of transfers will be… endless unless you exceed the 15,000 EUR limit. Yes, you got that right: if you have a dozen cousins and want to send a 50 EUR transfer to each of them for Christmas, Profee is your choice. The terms of your transfers will not change: our fees will stay low, and our currency exchange rate will still be beneficial.
One step closer to Premium
If you think that 30 000 EUR limit is not enough, we suggest exceeding it to a whopping 100 000 EUR! You cannot get it straight after registration, but this option will become available as soon as you verify your identity.
Less precautions, more trust
We will always keep stating that security is our top priority – but at the same time, we try to be 100% transparent about the processes at Profee. With unverified accounts, we have to be more cautious. Nevertheless, we trust our clients and are happy to see more verified Profee accounts because that shows that you trust us, too.
