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Why do I need to provide my SSN? (US Only)

WePay is required by law to verify your SSN before you can withdraw your funds. You can read more on their explanation of the matter here.

 

This is a federal regulation that all online payment processors must follow to comply with anti-terrorism and money-laundering laws. 

 

Concerned about taxes? WePay will not report these donations as income to the IRS. You should work with a tax professional to ensure those donations are properly recorded. Read more here.

 

Even if you are making a withdrawal on behalf of an organization, WePay will need to collect both an EIN (for tax purposes) and a SSN for verification purposes.

 

You can rest assured knowing that your information is completely encrypted. GoFundMe and WePay uses the same secure & encrypted payments technology as your bank to ensure your information is processed safely.

 


Still can't find your answer? Click here to ask our Customer Happiness team directly and we'll get back to you in under 5 minutes, guaranteed!


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