KYC is an initialism that stands for "know your customer." It is a regulatory phrase that refers to the process used by a business for verification of merchants, customers, and other elements when it comes to a financial transaction.
In WePay's case, we use it as the motivation behind our Trust Center. Completion of the Trust Center is a necessary step in the process of accepting payments—it is what allows you or your customers to receive payments via withdrawal. We take this information for verification purposes, which is handled by our Trust and Safety Team.
WePay takes customer and partner information extremely seriously. All of the information collected is secured and corresponds to our security standards detailed here.
Further questions about our security policies can be submitted to firstname.lastname@example.org. Questions about the KYC process and policies can be submitted to email@example.com.