Start accepting your first payments right away and finalize your ID verification at a later time
When creating your account, you will have the opportunity to search for your organization name and EIN from the "organization" dropdown.
If your EIN was automatically verified through the search option, you might be eligible to start accepting payments right away while completing your ID verification at a later time.
Eligibility for Fundraising Without Immediate ID Verification
Please be aware that the automatic EIN verification feature is currently in beta testing. This means that while some users may successfully verify their EIN through the dropdown search, the feature is not yet universally available to all users. Consequently, even if your EIN is automatically verified, you may still need to complete the full ID verification process to start accepting payments.
You'll know that you are eligible to start fundraising without having completed your ID verification if your onboarding checklist lists "accept your first payment" before "set up payouts."
What this means:
- You can initiate fundraising for amounts up to $2500 without completing your ID verification.
- Once you've accepted your first payment, you'll have a 90-day window to finalize your ID verification.
- Failure to complete ID verification within 90 days of receiving the first payment will result in Zeffy refunding the collected payments. Rest assured, you'll receive multiple reminders.
- Payouts will remain disabled until you have completed the ID verification. In other words, while you are able to start collecting payments, they will only be disbursed to your bank account once the ID has been verified.
Tracking Your Verification Deadline (90 days)
Once you've accepted your first payment, you'll have a 90-day window to finalize your ID verification. Failure to complete ID verification within 90 days of receiving the first payment will result in Zeffy refunding the collected payments.
To help you stay on top of your ID verification deadline:
- You will receive regular email notifications reminding you of the number of days remaining to complete your ID verification.
- You can also check the remaining days directly from your account dashboard. A countdown will be prominently displayed, so you always know how much time you have left.
Tracking your fundraising limit (2500$)
You can initiate fundraising for amounts up to $2500 without completing your ID verification. Once you have fundraised 2500$, you will no longer be able to accept payments until the ID verification has been completed.
Keeping track of your fundraising limit is crucial:
- You will receive email alerts when you have fundraised 800$ and 1600$ to help you keep track of how close you are to reaching the $2,500 limit.
- If you reach 100% of the limit (2500$), you will be notified immediately and prompted to complete your ID verification to continue fundraising.
Next Steps & Support
Watch our tutorial on how to complete your ID verification.
If you have any questions about the new verification form or encounter any issues, our support team is here to help. You can open a chat to reach our team by clicking on the chat icon in the bottom right of this page.