by Prosper
Prosper is a crypto to fiat payments solution provider that empowers businesses and individuals to send and receive payments in multiple currencies. With the rise of digital currencies, the demand for reliable and secure payment solutions has increased exponentially. However, security remains a major concern for many businesses and individuals who want to ensure that their transactions are safe and secure. To address this issue, Prosper partnered with Veriff, an online identity verification service, to provide its customers with a secure and seamless payment experience.
Prosper was looking for a way to ensure that its customers' identities were verified before they could make any transactions on its platform. The company needed a solution that would not only be secure but also easy to use and integrate into its existing system. Prosper's team also wanted to reduce the time and cost associated with manual verification processes, which could be time-consuming and prone to errors.
After evaluating several options, Prosper decided to partner with Veriff to provide identity verification services for its customers. Veriff is an online identity verification service that uses AI and machine learning algorithms to verify the authenticity of ID documents and facial biometrics in real-time. The integration of Veriff's identity verification service into Prosper's platform was straightforward and seamless.
Once a customer registers with Prosper, they are prompted to complete the identity verification process through Veriff. The customer uploads a photo of their ID and takes a selfie, which Veriff uses to verify the customer's identity. If the verification is successful, the customer can proceed to use Prosper's platform to make transactions.
The partnership between Prosper and Veriff has provided several benefits for both companies and their customers. With Veriff's identity verification service, Prosper has been able to reduce the time and cost associated with manual verification processes, resulting in a more efficient and streamlined verification process. The partnership has also enabled Prosper to offer its customers a secure and seamless payment experience, which has helped to build trust and loyalty among its customer base.
Veriff's AI-powered identity verification service has also helped to reduce fraud and improve security on Prosper's platform. The service can detect fake ID documents and facial biometrics, ensuring that only legitimate customers can make transactions on the platform. This has helped to reduce the risk of fraud and enhance the overall security of the platform.
The partnership between Prosper and Veriff has been a successful one, providing a secure and seamless payment experience for Prosper's customers. The integration of Veriff's identity verification service has helped to reduce the time and cost associated with manual verification processes, resulting in a more efficient and streamlined verification process. The partnership has also helped to improve the security of Prosper's platform, reducing the risk of fraud and enhancing the overall customer experience. With the rise of digital currencies, the demand for secure and reliable payment solutions will continue to grow, and partnerships like this one will play a crucial role in meeting this demand.
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As the world of digital currencies continues to grow, so does the need for secure and compliant payment solutions. At Prosper, we specialize in providing a crypto to fiat payment solution that ensures our clients are able to conduct transactions with ease and peace of mind.
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Prosper, a leading provider of crypto-to-fiat payments solutions, recently had the opportunity to work with Chainalysis, a blockchain intelligence platform that provides data and analytics to government agencies, exchanges, and financial institutions. This case study will highlight the collaboration between Prosper and Chainalysis and how it helped Prosper strengthen its compliance program.
by Prosper
Frequently asked questions
Sign up for a Free Prosper account in less than 10 seconds. No passport verification needed:
Go to Create Account
Fill in the required information
Tap on Create account
Done, you now have an account
Deposit up to €250 and start trading immediately! Verify your identity to increase deposit and withdrawal limits.
Prosper's trading fees are the lowest in the industry. Create a Free account and start trading crypto for as little as 0.03%. There is no minimum volume commitment. The minimum order size is €10.
After creating an account you can verify your identity. This process is fairly simple and can be completed in less than a minute.
Go to Account
Tap on Identification
Tap on Verify identity
Follow the steps on screen
Done, in a few minutes your identity will be verified
During identity verification you’ll be asked to make a selfie photo and a photo of your identity document (e.g. passport).
Please note: that all submitted pictures must be of the actual physical document (e.g. passport). Taking pictures of a screenshot will be automatically rejected, requiring you to start over.
Payment and payout methods are considered the same. Currently we support iDeal and SEPA. We intend to add more payment methods in the coming months.
When you do a deposit, your payment method is automatically saved and connected to your account. To do a deposit follow the steps below:
Go to Create
Tap on Deposit
Tap on Fiat currency
Enter the amount you wish to deposit
Tap on your desired payment method and follow the selected steps below:
I’ve chosen iDeal
Select the bank you wish to use to deposit
Tap on Deposit with iDeal
Follow the steps in your banking app or website
Done, you will automatically be returned to Prosper after the payment
iDeal deposits have a maximum of €10.000 per transaction. The balance is reflected within 1-3 business days in your Prosper account after a successful payment.
I’ve chosen SEPA
Create a new SEPA payment in your banking app or website
Copy and paste the bank information
Copy and paste the payment description. Please note: without this your payment will be automatically returned to your bank account.
Verify the payment details
Transfer the amount as you would normally
SEPA deposits have a maximum of €50.000 per transaction. The balance is reflected in your Prosper account within 1-3 business days.
Prosper currently supports iDeal and SEPA. We intend to add more payment methods in the coming months.
iDeal
iDeal payments reflected within 1-3 business days in your Prosper account after a successful payment. There is a limit of €10.000 per transaction.
SEPA
SEPA payments are reflected in your Prosper account within 1-3 business days. There is a limit of €50.000 per transaction.
Bank payouts are performed with SEPA.
Typically it takes 1-3 business days for your withdrawal to be received on your bank account.
Please note that during weekends and bank holidays payments are not processed by the banks. You can create withdrawals, however they will be processed on the next business day.
We work with industry leading partners such as Chainalysis and Comply Advantage to detect fraud, money-laundering and terrorist financing.
We are registered and regulated by the Dutch Central Bank (DNB) as a cryptocurrency provider.
All our data is encrypted and stored on cloud-based systems.
You can change or cancel your account type from Standard to Pro at any time. To change your account follow the steps below:
Go to Account
Tap on Subscriptions
Tap on any of the subscriptions to change your subscription or downgrade it to free
Tap on Confirm to confirm your choice
Subscriptions are paid up front per 30 days. If you change your subscription before the end of your subscription period, you forfeit the remaining amount of your subscription fee.
