Will I need to provide my SSN?
Because of federal regulations and the US Patriots Act, we must verify the identity of individuals collecting money online. We do this by requesting basic information from the person managing your Cheddar Up account, which includes:
- Full legal name
- Date of birth
- Last four of SSN
On occasion, if we are unable to verify your identity based on these minimum data points, or if you've collected a large sum, full SSN may be requested. When you enter the last four of your SSN, please know that it should match the first and last name on the Cheddar Up account. If it doesn't match, then we will have trouble verifying your identity and will need to request more information.
If your full SSN is requested, it's important to know that Cheddar Up does not see or store this information. It is passed securely to our payment processor and is only used to verify your identity. If we request full SSN, it is only because our processor is unable to verify your identity based on the minimal information provided. And the processor is requesting it due to federal "Know Your Customer" regulations.