Why does Stripe / Whoppah ask for an ID proof?

Why does Stripe need to collect, verify and retain my identity information?

In certain regions, our payment provider, Stripe, is mandated by law to collect, verify, and retain identity information about the individuals associated with a Stripe account. This is a requirement imposed by legislators and financial partners to ensure transparency and to prevent misuse of complex business structures for illegal activities such as financing terrorism, money laundering, tax evasion, and other financial crimes.

What happens if Stripe cannot automatically verify my identity?

If Stripe is unable to programmatically verify your business and/or identity when you register on Whoppah with a Stripe account, Stripe may request a government-issued photo ID to manually verify the information. If this is the case, you will be asked to log in to the Stripe dashboard and click on the notification at the top right to upload your documentation.