Is it safe submitting id proof copy on cashify app

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Deal Cadet
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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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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…

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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.

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AJP wrote:

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.

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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billubakra wrote:

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

OLX nothing is done or sent in my experience with them.
Buyer/seller meet payment/stuff gets exchanged…OLX makes money via ad/promotion revenues

Cashify want verify your identify …as they dont want to be purchasing stolen devices and end up into some legal trouble…No harm..they also do cash on pickup(might be location based but you can try that)

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billubakra wrote:

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

Coming to olx or similar platforms where it is between person to person.
I will do this if the item of the given nature where it can be used for any illegal/illicit purpose. I recommend the same to my contacts if they come to me for any help.

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Sudarshan61 wrote:

OLX nothing is done or sent in my experience with them.
Buyer/seller meet payment/stuff gets exchanged…OLX makes money via ad/promotion revenues

Cashify want verify your identify …as they dont want to be purchasing stolen devices and end up into some legal trouble…No harm..they also do cash on pickup(might be location based but you can try that)

What if one of the person’s in buyer/seller is a fraud? Is anyone here doing any agreement?

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andromeda wrote:

Coming to olx or similar platforms where it is between person to person.
I will do this if the item of the given nature where it can be used for any illegal/illicit purpose. I recommend the same to my contacts if they come to me for any help.

Matlab you go for agreements and all?

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billubakra wrote:

Matlab you go for agreements and all?

I haven’t dealt with such sales so far. A friend of mine, when selling bike had an agreement (not-so-formal) on paper and ID copies of the buyer until he transferred the ownership.

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andromeda wrote:

I haven’t dealt with such sales so far. A friend of mine, when selling bike had an agreement (not-so-formal) on paper and ID copies of the buyer until he transferred the ownership.

Required for bikes and all. As registration number can used to track the owner…with mobiles and electronic no such issue. Only thing buyer need to make sure is that seller is not selling stolen phones (as IMEI might be reported to police )

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schumacher wrote:

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?

probably it is not safe. but then the traceability is needed, in case authorities say it is a stolen device and come knocking.
On Amazon, Flipkart… for long, we managed by give our senior citizen grandparent or aunt’s bank details or photo ID’s whenever we could.
As in, even if some employee or anyone else steals snd miuses the images/documents… it would be easier to say: hey look, she is 70+ and she could not have taken a credit catd or that loan from loan app (or whatever mischief the data stealer/seller does).

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Sudarshan61 wrote:

Required for bikes and all. As registration number can used to track the owner…with mobiles and electronic no such issue. Only thing buyer need to make sure is that seller is not selling stolen phones (as IMEI might be reported to police )

I don’t completely agree. What if the buyer purchases the pre-owned phone for some illegal activities? So if I sell a phone (bought by me/anyone I know) I need to ensure it goes to the right hands, so that I don’t invite any unwanted situations later.

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andromeda wrote:

I don’t completely agree. What if the buyer purchases the pre-owned phone for some illegal activities? So if I sell a phone (bought by me/anyone I know) I need to ensure it goes to the right hands, so that I don’t invite any unwanted situations later.

We don’t have a data base of phone IMEI by which someone can track the original owner of phone…

With cars/two-wheeler we have registered owner…so any illegal activity directly owner can be identify.

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Sudarshan61 wrote:

We don’t have a data base of phone IMEI by which someone can track the original owner of phone…

With cars/two-wheeler we have registered owner…so any illegal activity directly owner can be identify.

But the phone IMEI is linked to SIM card’s number, and if I recall correctly all the sim cards information/details used in a phone can be retrieved from network folks. If higher ops need to track, the culprit will any way give fake details and if they happen to go to previous registered SIM, it’s all going to be messy.

PS: I may be over reacting, but that’s how I’m wired.

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andromeda wrote:

But the phone IMEI is linked to SIM card’s number, and if I recall correctly all the sim cards information/details used in a phone can be retrieved from network folks. If higher ops need to track, the culprit will any way give fake details and if they happen to go to previous registered SIM, it’s all going to be messy.

PS: I may be over reacting, but that’s how I’m wired.

Yes…but then ..they try to track the owner of number..not owner of device….number KYC is required..so easy to track people via number ..plus any illegal activity is done using the number..(does not matter which IMEI was used…)

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Sudarshan61 wrote:

Yes…but then ..they try to track the owner of number..not owner of device….number KYC is required..so easy to track people via number ..plus any illegal activity is done using the number..(does not matter which IMEI was used…)

There are numerous sim clone incidents and various other ways to get a sim card, like identity theft/forgery etc. So if something happens and the culprit need to be tracked without proper details, they may come to the previous registered sim card holder. It’s just my opinion. On the same, it is nothing wrong to be extra careful. Let’s not drag this further from the primary topic.

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billubakra wrote:

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

Olx is practically a place to arrange offline meetings, rest all depend on you/other person. Cashify is buying/selling device themselves hence they need all the id proof/documents to protect themselves in case of a legal issue.

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guest_999 wrote:

Olx is practically a place to arrange offline meetings, rest all depend on you/other person. Cashify is buying/selling device themselves hence they need all the id proof/documents to protect themselves in case of a legal issue.

Olx is practically a place to arrange offline meetings, rest all depend on you/other person.

For this, have you made agreements? If you have sold or bought something via this site?

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billubakra wrote:

Olx is practically a place to arrange offline meetings, rest all depend on you/other person.

For this, have you made agreements? If you have sold or bought something via this site?

Bro, don’t complicate in case you have anything to transact. Do as per your convenience/ideology. There is no right or wrong, it is just the way of doing it.

Like I mentioned earlier, I have got rid of some space hoggers(like 2.1 music system etc) from my home via olx. Just list, exchange the product for cash. To be extra safe, I use my secondary number in case they decide to trouble me later citing something or other issue.

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andromeda wrote:

Bro, don’t complicate in case you have anything to transact. Do as per your convenience/ideology. There is no right or wrong, it is just the way of doing it.

Like I mentioned earlier, I have got rid of some space hoggers(like 2.1 music system etc) from my home via olx. Just list, exchange the product for cash. To be extra safe, I use my secondary number in case they decide to trouble me later citing something or other issue.

I was asking about things such as mobiles. My friend wants to sell two of his. The buyer is telling him to make an agreement if he wants. The notary people outside courts are asking for Rs. 500 for a half page agreement with attestation charges etc. There will be two agreements for two phones as per them.

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billubakra wrote:

I was asking about things such as mobiles. My friend wants to sell two of his. The buyer is telling him to make an agreement if he wants. The notary people outside courts are asking for Rs. 500 for a half page agreement with attestation charges etc. There will be two agreements for two phones as per them.

If you are concerned, put the details on a white paper and get it signed. You may also ask for a copy of ID. This is what my friend did once.

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andromeda wrote:

If you are concerned, put the details on a white paper and get it signed. You may also ask for a copy of ID. This is what my friend did once.

That unfortunately is invalid in a court of law. Sad state of affairs here.

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billubakra wrote:

Olx is practically a place to arrange offline meetings, rest all depend on you/other person.

For this, have you made agreements? If you have sold or bought something via this site?

Not me but a cousin of mine often buy & sell mobiles on olx but he relies on original bill/packing & his instincts when talking/chatting with the guy.

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billubakra wrote:

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

bcoz olx is only allowing u to list ur ad and they dont charge any commision from u .
u pay what u see on olx .

whereas in cashify they pick the phone and so is their sole responsibility bcoz they can further sell it by refurbished or whatever they like

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