Fluz is currently encouraging users to complete account verification as part of our KYC. While government IDs are not required to register an account, we encourage you to upload it as this will also increase your spend limit.
Please take note that our KYC verification terms are constantly evolving, and Fluz reserves the right to implement KYC verification for users at any time.
You may be requested to provide your ID for the following reasons: account security and tax purposes
Account Security:
Fluz' latest app version features a new security measure that we believe will better protect the payment process for all users. Users are now automatically given a $1000 monthly spend limit per verified bank card. In order to increase this, our users will need to complete account verification which includes performing a bank hold verification and uploading of government-issued ID.
We also have an automatic fraud filter that flags accounts based on various criteria related to your account security. If flagged, your account will be placed under "review" status and you are not able to access past purchases or make new ones. We may require you to complete account verification in order to "unlock" your account. Account verification comprises a bank hold verification and uploading of government ID.
To verify your account:
- Tap on the main app menu in the top right corner (☰),
- Scroll down to "Privacy & Security".
- Complete bank hold verification by pressing "verify" beside your bank card.
- Add a valid government ID. Press "verify" beside "complete ID verification".
Tax Purposes
As part of the cash out policies, we will require additional information from all users that have earned $600 or more within one calendar year, so that we can generate you a 1099 for tax purposes.
To learn more, check out Do I have to pay taxes on my reward earnings?