All verified users, both business and personal, can send money on SnapRefund. Unverified users can receive money from anyone, but they can’t send payments.
Becoming a verified user is completely free, you simply need to answer Yes to the prompt below during sign up. Afterwards, you’ll be prompted to provide some additional info for us.
We collect this information to stay compliant with banking KYC and AML regulations.
For verified business users we collect the following during sign up:
- Business name, address, EIN #, entity type
- Controller name, email, address, date of birth, last 4 of SSN
- In some cases we request a document upload of a controller’s photo ID
For verified personal users we collect the following during sign up:
- First & Last name
- Date of birth
- Last 4 of SSN
- In some cases we request a document upload of the user’s photo ID