Thank you all your responses. It appears that you're all warning me to NOT go through with the proposal to have BitPay process this payment. As a result, I'm going to suggest sending the payment direct and the buyer can subsequently sell and withdraw.

Which US exchange provides the quickest on boarding process that includes creating an account, verifying, adding US bank account AND requesting a withdrawal limit increase to $150k? How long is this whole process likely to take on the quickest exchange?

Thanks again.

Scenario: Both parties are based in the U.S. I (buyer) offered to pay for the products (brand new laptops in bulk) via Bitcoin and the seller agreed. I thought I'd be sending directly to his wallet, however he stated that he'll be using BitPay to accept and convert to fiat. He is in the process of enrolling with BitPay at the moment. He stated that they'll also need things from my end as well, so here comes my question. What am I expected to be asked to provide?

I read that BitPay recently implemented a new protocol that will require KYC for purchases over $3k. According to their website, they'll be requiring me to scan front and back of my ID (service through Onfido) as well as supply a video/picture of my face next to my ID. I couldn't find anymore details of any subsequent hoops that I may still need to go through. Any idea of the next step in the process for me? and how long is the process in total until the transaction is confirmed?

Given what I've read on this forum about BitPay, is there a high risk of BitPay freezing my funds and asking me to supply them with everything finance-related about my life (i.e bank statements, docs proving source of funds, etc) ? I'm not willing to take a risk of this dragging on for weeks or months, hence my concern.

All answers (particularly from people who've gone through BitPay's KYC for purchases over $3k) are welcome.

Thanks.