Artega operates in compliance with international financial regulations. One key aspect of financial security is Know Your Customer (KYC), a regulation designed to prevent financial crimes like money laundering.
Why KYC matters
KYC regulations originated in 1970 with the U.S. Bank Secrecy Act (BSA), which aimed to prevent illicit financial activities such as money laundering. Today, KYC is a standard practice worldwide, helping keep transactions safe and legitimate.
Artega is not a payment processor. We focus on what we do best: providing straightforward tools for practitioners and patrons. That’s why, just like other businesses rely on Stripe or PayPal, Wert handles all payment processing independently.
How payments work on Artega
When you make a payment through Artega, we only collect your name and email address to send you important details like your Meet the Artist information and purchase confirmation. The actual payment happens outside of our site, in Wert’s secure environment.
Here’s what happens when you pay:
Wert creates an account for you using your mobile number to track your spending.
To process a card payment, Wert requires your card details, address, and legal name, just like any other online store.
Artega and your practitioner never see your payment details or personal information.
Understanding KYC limits
KYC regulations allow transactions up to $5,000 before requiring ID verification. If you choose to verify your identity, you can spend up to $20,000 per week.
These spending limits apply across all transactions with Wert, not just those made on Artega.
How your data is protected
Artega is built on privacy-first principles. While KYC laws help maintain security, we ensure that your personal and financial data remain protected. Wert manages your payment details independently, and Artega never accesses this information.
You can set up a fresh account with Wert by using a different mobile number before completing ID verification.
If you ever need to delete your Wert account, simply email privacy@wert.io with:
Your phone number
Full name
Last 4 digits of your card
Amount of your last transaction
This allows Wert to locate and remove your profile securely.
Legal compliance and privacy
Artega's payment infrastructure was developed in compliance with financial regulations, built to replicate the privacy cash affords with the convenience of online payments. In a world where data harvesting is the norm, trust belongs between individuals, not corporations profiting from your information.
For more on Wert's KYC policy, visit their support page.
Having trouble using Wert?
If you’re experiencing issues with Wert, reach out directly to Wert’s support team at support@wert.io.