Compliance
Legitimate businesses only.
Converter theft hurts everyone in this industry. Our compliance program protects your business, ours and the reputation of the market we both depend on.
Know Your Customer
Business licenses (state, city and county), valid photo IDs for every owner and principal, entity documents and a site verification before the first sale.
Anti-money-laundering screening
Every applicant is screened for financial-crime risk at onboarding and periodically throughout the relationship. We contact you before documents expire.
Zero tolerance for theft
We do not buy from individuals, and we do not buy material without documentation. Attempted sale of stolen converters is reported and the relationship ends.
Transaction records
Our tools keep proof of each transaction and each seller, so you can produce records for law enforcement and regulators on request.
Document security
IDs, licenses and signatures are encrypted before they are stored, viewable only by authorized staff, with every view logged and auditable.
State-law guidance
Converter laws vary state to state. We track them and share what we know, and we advocate for legislation that keeps the market legitimate and growing.
What we ask of you
- · Valid business licenses for every location you buy from
- · Government photo ID for each owner and buying employee
- · Entity documents matching your business type
- · A signed anti-money-laundering affidavit
- · Records of who you bought each converter from
What you get from us
- · A buyer that will never put your license at risk
- · Encrypted, audited handling of your sensitive documents
- · Guidance on the converter laws in your state
- · Tools that keep your transaction records for you
- · Reminders before your documents expire
We share what we know about state regulations, but we are not a law firm. Please consult independent legal counsel for advice specific to your business.
Compliance should not slow you down.
Our online onboarding takes about fifteen minutes and is reviewed by a real person, usually within one business day.