okpay bank

by Abdelghani Tayebi e commerce

okpay bank is easy to used for e-commerce

Recommended Features

okpay card
Business Payment Solutions
Developer Tools Overview
Flexible Electronic Currency INSTANTANEOUS MONEY TRANSFERS
low comission

Learn more about okpay bank»

Review on okpay bank

I'm considering switching to OKpay (from Dwolla) for executing USD monetary transfers between my bank and exchanges like Mt. Gox. I noticed, however, that to avoid the low 300 EUR limit for daily withdrawals on OKpay, you first have to verify your account, which requires giving OKpay all your personal details including photo IDs, etc. I'm generally leery about giving this much information to an institution unless it is highly reputable; you don't want to risk that at some point they might cut and run after selling all of their customers' ID info to identity thieves. If your identity gets stolen, it can be a huge hassle and take you a long time to recover from that event.

So my question is, do you personally think that OKpay can be trusted well enough to give your photo IDs etc. to them. If so, why? Do you know for sure that the individuals who run the site could be held accountable by some government if some event such as mass identity theft of their customers were to happen? Or if not, why not? Do you have any reasons to be suspicious of them?

Thanks very much for any opinions...