“Know Your Customer” obligations
“Know Your Customer” (KYC) obligations require Stripe to collect and maintain information on all Stripe account holders. These requirements come from our regulators and are intended to prevent abuse of the financial system.
The information Stripe is required to collect differs from country to country, and typically includes (but is not limited to):
- The individual creating the Stripe account
- The business associated with the Stripe account
- Any individuals who ultimately own or control that business (includes Custom Connect accounts)
If you sign up for a Stripe account directly, we will prompt you to provide the details required for your country when activating your Stripe account. We may also reach out periodically to confirm that information on your account is still accurate.