Legal
AML / KYC Policy
Anti-money-laundering and know-your-customer arrangements: the payment providers’ role, DropMarket’s risk-based programme, record keeping and DropMarket’s regulatory position.
- Effective
- 1 July 2026
- Last Updated
- 4 October 2026 · v1.1
- Governing Law
- England & Wales
Issued by DropMarket Ltd · Company No. 17309867 · support@dropmarket.gg
Payment providers
Buyers pay through our payment processors (currently: Payssion and BTCPay Server). Payssion processes local payment methods and applies its own AML and sanctions checks to the payments it handles. Crypto payments are received through BTCPay Server, payment software DropMarket hosts itself, so DropMarket’s own programme below applies to them. Seller payouts through Payoneer are also subject to Payoneer’s own checks.
DropMarket’s supporting, risk-based programme
Seller identity verification (KYC via provider), sanctions/PEP screening, transaction monitoring, and an escalation posture (report suspicions internally to the nominated officer/MLRO and, where required, to the National Crime Agency). Sanctioned persons are prohibited from using the Platform.
Record keeping
We keep identity-verification records, and the records of transactions and monitoring, for 5 years after the business relationship ends (or after the date of a one-off transaction), in line with regulation 40 of the Money Laundering Regulations 2017. After that we delete them, unless the law requires us to keep them longer or they are needed for legal proceedings.
Position on DropMarket’s own status
DropMarket collects Buyers’ payments solely as each Seller’s disclosed commercial agent under the agency exclusion in the Payment Services Regulations 2017 and is not itself an authorised payment institution. Local payment methods are processed by Payssion; crypto payments are received through BTCPay Server, which DropMarket hosts, and every Order is priced and recorded in US dollars. DropMarket handles no cash, so it does not meet the “high value dealer” trigger in MLR 2017 reg. 14(1)(a) (HMRC confirms card and bank-transfer payments are not relevant HVD payments).
Related Policies
- Privacy PolicyHow DropMarket Ltd collects, uses, shares and protects personal data under UK GDPR and the DPA 2018, including KYC data, the providers we use, how long we keep data, transfers and your rights.
- Seller Agency AgreementThe commercial agency agreement between DropMarket Ltd and the Seller: the disclosed commercial-agent appointment, authority to conclude sales and collect payment, fees, payouts, reserves and clawbacks, delivery, KYC/AML and sanctions, tax and platform reporting, confidentiality, anti-circumvention, and termination — under the PSRs 2017 commercial-agent exclusion.
- Risk DisclosureThe risks of trading gaming assets: publisher bans and clawbacks, account recovery, crypto volatility and irreversibility, and counterparty risk.
- Terms of UseThe master terms governing use of the DropMarket platform: our venue role, SafeDrop Protection and payments, eligibility, accounts, consumer rights, liability, and governing law.