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Why Does Stripe Need all this Information?

This establishment of your Stripe account will require some pretty sensitive information including Company EIN, Executive Social Security Number, and Home address, leading many to ask why Stripe needs this level of detail? The collection of the information and required approval of the account is part of Stripe's KYC "Know Your Customer" policy which is part of their regulations to prevent the abuse of the system.

Important: Information You Will Need

Note: Typically the account creation process is completed by a CFO/CEO of the organization as the information required is sensitive to the business and includes Banking information required for payout.

Establishing an account can be a pretty quick process once you have all the information you need or the right person to complete the process. The following are the items that you will need to complete the process. Please be sure you have this information before getting started. If you do not - you can stop midway through and revisit the process, but you can not start over after establishing the Company Name.

Company Information

  • Legal Name of the Business
  • Employer Identification Number (EIN) or Government Identification Number as typically found on articles of incorporation.
  • Address, Phone, and overall contact details

Executive Information

This will be a person who could be contacted by Stripe as being financial contact for Stripe to provide details about the company. Typically this is a founder, CEO, CFO of the organization as this person will need to provide  sensitive personal information including the following: 

  • Legal Name
  • Email Address
  • Home Address
  • Phone Number
  • Social Security Number or Government Identification number

SSN? Hold Up!!

Concerned about entering your SSN - we don't blame you, but it's the law. Read more below.

Bank Payout Information

If you have a commonly used bank, Stripe can pull the information via an account login, or if you prefer to manually enter the routing and account numbers you can do that easily as well. 

So More on that SSN

By law, Stripe must ask for your SSN to make sure you are who you say you are, and that you’re authorized to act on behalf of an entity (your PTA, organization, or business). Your SSN is for identity verification ONLY; Stripe is federally required to officially know someone connected to the account. Sometimes stripe may ask for your full SSN, other times all that is needed is the last 4 digits. Your information is secure, and TixTrack/Ticketure doesn’t access or store it.

Stripe doesn’t run credit checks, so inputting your SSN for this purpose won’t affect your credit score. Your taxes won’t be affected, either, as long as you input the correct name and Employer Identification Number (EIN) for your PTA in Stripe.

When you start the payments application form in Ticketure, you’re actually on the Stripe site. Ticketure has no access to your banking data, so we don't store it and your privacy is tightly controlled. Stripe keeps all the information you enter in Stripe safe with bank-level security measures.