NectarPay

KYC, De-Mystified

We don't know
who you are.

No forms. No selfies. No "please upload your passport and a utility bill dated within 90 days." Nectar-Pay sells software and hardware — not a bank account. There's nothing for us to KYC you about.

Non-custodial by design

What we DO provide

  • Software. A merchant dashboard, an invoice engine, checkout links, plugins, webhooks, an SDK.
  • Hardware. The NectarPay POS terminal, tap-to-pay flow, printer, the whole counter-top kit.
  • Rails. A path from a shopper's wallet to your wallet, on the chains you choose.

What we DON'T provide

  • Custody. We never touch, hold, route, or "temporarily settle" your money. Funds land in your wallet. Full stop.
  • A view of your customers. We don't ask who they are, where they live, or what they buy. We can't tell you — because we don't know.
  • A bank license. We're not a money transmitter, a custodian, or an exchange. We're a payment tool, like a card reader.

But you can turn KYC on for your buyers.

Some merchants — depending on jurisdiction, size, category, or just personal preference — need to verify who's paying them. We built the switch, you flip it. Head to any store's Settings → KYC and choose the level that fits:

  • None. Pure non-custodial. Buyer pays, invoice settles. Default.
  • Basic (free). Sanctions screen, wallet risk score, country block. No personal data stored.
  • Advanced (BYO provider). Hosted ID/selfie flow with Sumsub, Persona, Didit or Veriff. You pay them directly. We store pass/fail only.

Please comply with your local laws. We strongly encourage every merchant to understand the rules that apply to accepting crypto payments where you operate — and to enable the buyer verification you need to stay on the right side of them.

Stablecoins in, national currency out.

Because you're accepting stablecoins pegged 1:1 to a fiat currency, there's typically no gain or loss at conversion time — a dollar of USDC is a dollar of USD.

That said, check the reporting requirements in your area. Some jurisdictions still want the transaction logged, categorized, or reported even when no gain occurred. Your accountant will know. If you don't have one, get one — they're cheaper than a fine.

Your money is yours

Funds never sit on a Nectar.Pay balance. There is no Nectar.Pay balance.

Your customers are yours

We don't build a profile of them. We don't sell one. We can't — we don't have one.

The rules are yours

Local laws vary. We give you the controls; you set the policy.

Why we built this

Not a loophole. A direct line.

We didn't build Nectar-Pay so you could break the rules or do bad things. We built it so that you and your customers could work together and exchange value directly — without having to go through a bank or processor and pay a fee for the privilege.

The banks have enough money already. They provide plenty of real bank services they can charge for, and they should. Connecting you and your customers does not have to be one of them.

Ready when you are.

No paperwork to start. Spin up a store, take a payment, and turn buyer KYC on later if you need it.

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