If you signed up as an individual, your Social Security Number (SSN) is required for two reasons: payments and tax forms.
Federal regulations (specifically US Patriot Act Section 326) require our banking partners to identify the individuals involved in a transaction. The SSN is one of the key identifiers used to make sure that those involved in the transaction are who they say they are.
The SSN is also known as a Tax Identification Number (TIN). To create accurate tax forms like a 1099-MISC, the SSN is required by the IRS to have a valid form.
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