Why do I need to give WePay my social security information?

WePay requires your Social Security Number to verify your identity and to comply with state and federal regulations.  WePay does not run credit checks on any of their users, so signing up for a WePay account will not impact your credit score.  Your SSN and Tax ID will only be reported to the IRS in the event that you collect more than $20,000 and 200 payments in the calendar year.  All of the information you enter on WePay is kept safe by WePay’s bank-level security measures.

Note: WePay is currently only available to makers in the U.S.