Crowdfing

Hello everyone,

I'm investigating starting an adult product which would feature users (customers) paying in order to interact with other users (entertainers) who can cash-out the money later on. Not a cam-site, but imho relatively similar from the perspective of transactions.

Since money will be transferred from users to users, I am not sure how this would work with the rules about fighting fraud, money laundering and financing of terrorism. Would anyone have input about how cam-sites transfer significant amounts of money from customers to models while complying with those rules?

Services like MangoPay put limitations in place in order to comply:
- You need to collect email / first name / last name / country of residence / birthday / nationality about your users for them to cash-in up to 2500? per year or to cash-out up to 1000? per year
- You need to additionally collect ID / address to raise those limits up to 15000? per year

If collecting those information does not look like a problem on the model side, who will be cashing-out, it looks like a bit more problematic on the customer side... and I have not seen any cam-site asking for so much information in order to transfer funds from customers to models.

Have a nice day, and thanks to anyone who has some input about this!