Looking for a KYC service to be integrated in Lordmancer II

[Lordmancer]

Hey everyone!

Lordmancer II (https://lordmancer2.io) is an MMORPG on mobile where players can use an ERC20 token Lord Coin from in-game trading between players. If they want to use Lord Coins, they just need to send them to their game accounts, when they want to withdraw them, they just send them to their blockchain wallets. Sounds easy

But it looks like we will need to implement a KYC procedure to allow withdrawing Lord Coins from gamers account.

Does anybody have any experience in using any outsourcing services for this? Can you recommend anything?

Thanks!

[avikz]

Jumio.com is one of such legitimate service provider that I know. They have integration with several ICO platforms and other online businesses. Their clientele includes Airbnb and Coinbase. So you can get in touch with them to know more about their solutions.

Hope this helps!

[pawel7777]

Other than jumio.com, there's Trulioo.com, Onfido.com and probably dozens of others, but it's best to stick to more established ones to not spook your players out. And I'm guessing you'd need a service able to verify IDs from around the globe.

There's a lot of info on every of the above websites, so take a look and you'll get the general idea how it works.

First get a legal advice and learn exactly what you need, then get in touch with provider and let them talk you through the details.

Obviously requiring ID verification will drive a lot of people away, so examine all your options and see if there's a way around it ie. registering your company in other country, or auto-converting withdrawals to fiat money (with small fee?) and sending funds to bank accounts/paypal etc - afaik you don't need KYC for that as such accounts are already verified.

[audaciousbeing]

Hey everyone!

Lordmancer II (https://lordmancer2.io) is an MMORPG on mobile where players can use an ERC20 token Lord Coin from in-game trading between players. If they want to use Lord Coins, they just need to send them to their game accounts, when they want to withdraw them, they just send them to their blockchain wallets. Sounds easy

But it looks like we will need to implement a KYC procedure to allow withdrawing Lord Coins from gamers account.

Does anybody have any experience in using any outsourcing services for this? Can you recommend anything?

Thanks!

It seems you are only going through the implementation of KYCs just because others are doing same and not because you really need it. Believe me, the business that are implementing KYCs are doing it because they are being boxed to a corner and the need to continue their businesses while for the ICOs, its purely out of their own selfish needs and not in any way related to compliance. There is no doubt that the number of people visiting sites in that implements KYCs drops, but because they have a huge database, that is why they were still able to stay afloat. For your business which is fairly known, expect some outflow of clients with this new movement and now that you have announced it. My advice, I would suggest you shelve the idea for now, until it becomes absolutely necessary for you to run your business.

Also, if you desire to go ahead, its better you use a reputable platform that people have come to trust and be ready to pay for it such that in the case of compromise, it is the third party that is held responsible and nothing touches your business. Wishing you all the best in this.

[Harlot]

It seems you are only going through the implementation of KYCs just because others are doing same and not because you really need it. Believe me, the business that are implementing KYCs are doing it because they are being boxed to a corner and the need to continue their businesses while for the ICOs, its purely out of their own selfish needs and not in any way related to compliance. There is no doubt that the number of people visiting sites in that implements KYCs drops, but because they have a huge database, that is why they were still able to stay afloat. For your business which is fairly known, expect some outflow of clients with this new movement and now that you have announced it. My advice, I would suggest you shelve the idea for now, until it becomes absolutely necessary for you to run your business.

Also, if you desire to go ahead, its better you use a reputable platform that people have come to trust and be ready to pay for it such that in the case of compromise, it is the third party that is held responsible and nothing touches your business. Wishing you all the best in this.

I get your point but looking at it as a business perspective what they are doing is good as they are planning ahead and who knows one day their government demanded kyc for customers and they'll be surprised that they have one in stored already. Plus if they did this step early on they won't be making this a problem anymore, no deadlines sets by the government, no more notices and reminders as they know that they are complying at the first time. For the business owner good job for thinking ahead, KYC profiles might be handy in the future just in case something happened legally.