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Trust Center FAQ

Why do I need to do this?

We're required by law to collect and verify certain information about our customers.

You can learn more about some of these requirements by checking out the following resources:

 

I’m using WePay for my business—Why do I have to provide my personal information?

We require you to provide personal information such as your Social Security number and date of birth to confirm that you're authorized to act on behalf of the business. This prevents unauthorized people from creating an account on behalf of your business.

 

Is my information safe?

Absolutely yes! Protecting your information and your privacy is above and beyond our top priority. WePay goes through efforts to encrypt and store all sensitive information in a PCI Compliant environment. 

You can learn more here: Security Standards and Privacy Policy.

 

Will this affect my taxes?

Under certain conditions, WePay may be required to provide you and the IRS with an informational record of your payments.  It's up to you and a tax professional to determine how payments you receive using WePay should be reported to the IRS. Learn more about tax reporting.

 

What’s an EIN?

An Employer Identification Number (EIN) is a Federal Tax Identification Number used to identify a business.

Your EIN can be found on the the paperwork you filed with the IRS to legally form your business. If you did not file with the IRS, you likely don’t have an EIN.

 

Where can I find business type?

This can be found on the paperwork you filed with the IRS to legally form your business. If you did not file with the IRS, you are likely a sole proprietor or independent contractor.

 

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