Infusionsoft Payments uses your social security number (“SSN”) as part of its identity verification program.
Infusionsoft Payments in partnership with WePay verifies the identity of each user of the Infusionsoft Payments service in order to manage risk and to comply with anti-money laundering laws. If you are an individual or sole proprietor, Infusionsoft Payments will also use your SSN for any required tax reporting. If you are acting on behalf of a corporation or other organization with an Employer Identification Number (“EIN”), Infusionsoft Payments will use the EIN for any required tax reporting instead. Check out our article on 1099-K reporting for more detailed information.
Even if you are acting on behalf of an entity with an EIN, Infusionsoft Payments requires your SSN so that Infusionsoft Payments can verify who you are and that you are authorized to act on behalf of the entity. All of the information you enter on Infusionsoft Payments is kept safe by our bank-level security measures.