# 2023-24 updates to US verification requirements: FAQs

# **Why do I need to update the information for my business?**
Stripe regularly reviews and updates its verification requirements to provide best-in-class protections for users. For US businesses accepting card payments and for any individuals who ultimately own, control, or direct the business, we’re updating how we collect, validate, and verify business information. As a result, your business may need to provide updated information. Our goal is to help ensure your safe and uninterrupted access to the payments ecosystem.
# **What new information may be collected?**
Sole proprietors and single member LLCs must provide their business address.
All legal entity types must provide an email for the account representative, including government entities and public companies.
Additionally, there are some changes to our SSN and ITIN requirements.
- **Field**
- **Updated requirements**
- **Additional considerations**
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- SSN or ITIN collected from US resident Representatives (Reps)
- Last four digits required at onboarding for all account types.
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- SSN or ITIN collected from US resident Owners
- Last four digits required once payments volume exceeds $500K for all account types.
- If we can’t programmatically obtain the full nine digit SSN for an individual associated with your account using information already provided, you must provide the full nine digits.
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- National ID or verification document collected from non-US resident Reps
- National ID or verification document at onboarding for all account types.
- Only applies to non-US resident Reps.
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- National ID or verification document collected from non-US resident Owners
- National ID or verification document once payments volume exceeds $500K for all account types.
- Only applies to non-US resident Owners.
# **What are valid inputs for my business’s information?**
- **Field**
- **Updated requirements**
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- Product description
- * Must be at least 10 characters long.
  * Cannot be identical to the URL.
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- (Full) statement descriptor
- * Must be at least 5 and no more than 22 characters long.
  * Must resemble the business information.
  * Must not be a generic and well-known statement descriptor.
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- (Short) statement descriptor
- * Must resemble the full statement descriptor.
  * Must not be a generic and well-known statement descriptor prefix.
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- Legal entity business name
- * Generic or well-known business names aren't supported.
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- Business profile name (DBA)
- * Generic and well-known business names aren’t supported.
  * Must consist of recognizable words.
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- Person’s DOB
- * Age must be at least 13 years old and under 120 years old.
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- Person’s phone
- * Must be a valid phone number for the person specified.
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- Legal entity business phone
- * Must be a valid phone number for the business.
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- Company tax ID
- * Must be a valid and correct tax ID for the specified company.
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- URL
- * Required for any business using a website, app, social media page, or online profile to sell products or services.
  * Must be in the correct format.
  * Cannot be the URL for a generic business website (e.g. www.facebook.com).
  * Must be reachable.
  * The business information on your website must match the details provided to Stripe.