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Is it safe submitting id proof copy on cashify app

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Vanguard
schumacher

So, they ask you to submit a photo copy of id proof in their app. Either license, or passport.. I am a little hesitant in submitting a copy. I heard, as per rules, collecting copy of id proof was not allowed anymore. Why are they not abiding by the new rules?

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Deal Cadet Deal Cadet
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This is a real privacy problem, but for KYC, you need to provide a copy of this stuff.. They capture all this stuff digitally, it is a problem, but there is no alternative…

Deal Cadet Deal Cadet
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It is safe…even if you sell a device at cashify at the time of payment while collecting they submit your id proof in their app
They do this because as per their policy its a proof of purchase so just in case if the device is unethical/Stolen they have the proof it was sold by you so they don’t face any legal action in future.

Deal Subedar Deal Subedar
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Do you guys, or members who sell on websites like olx etc., collect id proofs for exactly reasons like this
They do this because as per their policy its a proof of purchase so just in case if the device is unethical/Stolen they have the proof it was sold by you so they don’t face any legal action in future.
Cashify also sends a digital agreement notifying sale of that particular device. Is that thing done by olx or the buyer?
@guest_999 @andromeda @caks2006407 @Sudarshan61

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Deal Subedar Deal Subedar
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Safe

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