How did you secure a $100K monthly limit for your card? Which card issuer are you using if that is not confidential information?
The reason why I'm asking this is because I have never seen a card with such a high limit before. The highest I've seen give you a few thousand dollars in turnover without and KYC. But if someone actually loads $100K on this thing, that would almost certainly exceed thresholds for verification (of your business) at the card issuer, wouldn't it? So how does this work?
Thank you for your insightful question! I’m happy to provide more details.
At Kemycard, we’ve worked closely with our card issuer and banking partners to create a unique offering that allows for up to $100K in monthly transactions, specifically tailored for crypto users. While the exact details of our partnerships are confidential, I can share that the high transaction limit is the result of extensive collaboration to meet the needs of our target users, many of whom require flexibility for significant transactions.
As for the KYC requirements, Kemycard operates under regulations that allow for transactional limits without immediate KYC, but once certain thresholds are reached, additional verification may be required in accordance with local and international financial regulations. This ensures both compliance and the safety of our users.
We aim to offer a solution that bridges the gap between crypto users who value privacy and the regulatory framework that allows for high-volume transactions. Rest assured, our system is designed to offer flexibility and security, while adhering to the necessary legal requirements as needed.
I hope this clears up any concerns. Thank you again for your interest in Kemycard, and feel free to reach out with any further questions!
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