To fundraise with Zeffy, your organization needs to complete Stripe's verification process. Below are the specific verification requirements for US and Canadian Zeffy accounts respectively.
🇺🇸 US Account Verification Requirements 🇺🇸
To complete your Stripe verification, you will be asked to provide:
- Your tax-exempt organization's registration information with the IRS; EIN, legal name, address. Your organization must have an EIN to open an account.
- Personal information of a representative, their government-issued ID, a selfie check, and the last 4 digits of their SSN. Learn why this is required.
- Your organization's bank account details (*personal bank accounts are not accepted)
Below are some helpful resources to assist you in completing this mandatory verification process :
- A guide to completing your Stripe verification - US Accounts
- Troubleshooting Failed EIN Verifications: Check this guide
- The article discusses common EIN verification issues
- Completing Stripe's ID verification
- The article offers a step-by-step guide for completing Stripe's ID verification, including tips for capturing clear ID images and troubleshooting upload errors.
🇨🇦 CA Account Verification Requirements 🇨🇦
To complete your Stripe verification, you will be asked to provide:
- Your nonprofit's legal information; legal name, address, CRA number (if applicable).
- Documents to verify your charity registration, business registration and board of directors. This information is required of all Stripe Canada users to comply with FINTRAC requirements.
- Personal information of a representative, their government issued ID and a selfie check. Learn why this is required.
- Your organization's bank account details (*personal bank accounts are not accepted)
Below are some helpful resources to assist you in completing this mandatory verification process:
- A guide to completing your Stripe verification - Canadian Accounts
- Canadian Stripe Requirements
- The article outlines the documents required to verify charity and business registration, as well as the board of directors verification to comply with FINTRAC regulations.
- Additional assistance for completing your business registration and board of directors verification
- This article includes a signed resolution template that you can download, complete, and use to complete your Canadian Stripe verification.
- Completing Stripe's ID verification
- The article offers a step-by-step guide for completing Stripe's ID verification, including tips for capturing clear ID images and troubleshooting upload errors.
Why is this required?
Zeffy uses Stripe Custom Connect, which holds Zeffy liable for all payment processing activity on the platform. To ensure compliance with financial regulations and provide a reliable, secure payment processing platform for nonprofits in North America, this verification helps confirm the identity of the organization, preventing fraud and ensuring that funds are correctly managed and distributed.