When setting up Re-Leased Pay in the United States, you may be asked to provide your Social Security Number (SSN). This requirement comes from Re-Leased's payment processor, Stripe, and is part of standard financial compliance obligations.
Why Is an SSN Required?
Identity Verification — Stripe uses your SSN to confirm identity and reduce the risk of fraud. See Stripe's identity verification requirements.
Regulatory Compliance — Financial regulations require payment processors to collect SSNs as part of anti-money laundering and fraud prevention obligations.
Know Your Customer (KYC) — KYC regulations require detailed customer records, and SSN is a key part of this. See Stripe's KYC obligations.
Financial Transparency — Collecting SSN details helps Stripe maintain platform integrity and meet regulatory standards.
When Is the SSN Requested?
At onboarding — The last 4 digits of your SSN or ITIN are required for all connected account types, regardless of payment volume. If the last 4 digits fail verification, you'll be asked for the full 9 digits. If the full 9-digit number also fails, you'll need to upload an ID document.
At $500,000 payment volume — Once cumulative payments processed through your account exceed $500,000, Stripe requires the full 9-digit SSN or ITIN from representatives and owners.
Regulatory or compliance changes — New regulations or updated compliance standards may trigger additional verification requirements at any time.
Enhanced due diligence — Stripe periodically reviews and strengthens its verification processes, which may introduce new requirements.