Stripe is a trusted and secure payment processor that helps businesses of all sizes accept online payments. As part of complying with federal regulations and financial industry standards, Stripe is required to collect certain information from account holders, including:
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EIN (Employer Identification Number) or Social Security Number (SSN)
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Legal business name and structure
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Business address and ownership details
This information is used to:
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Verify your identity and prevent fraud
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Comply with IRS and banking regulations (such as Know Your Customer and anti-money laundering laws)
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Generate accurate 1099-K tax forms, if applicable
Stripe takes your privacy seriously and uses this information only for verification and regulatory compliance. Your data is encrypted and securely stored.
If you’re operating as an individual or sole proprietor without an EIN, you can typically use your SSN instead.