WeStrive doesn't actually need your SSN (and doesn't store it anywhere on our website), it's Stripe that requires it.
Stripe does this to verify you are an actual person in order to give you a Connect Account (the account you receive to handle billing with your clients on a one-time or monthly basis).
Most websites have the payments all go to the website and then they pay you out afterward. With WeStrive, we wanted your money to be yours right away. In order to do that, we had to give every trainer a Stripe 'Connect' account which essentially means you handle all your own payments independently from us. You're able to send invoices when you want and Cash Out when you want.
It costs WeStrive $3/month/trainer just to have each account and you need to be verified by Stripe in order to collect payments. It's a couple of extra steps up-front but in the long run, it's 100% easier since it gives you complete control of your business and invoices.
Why do you need my SSN when signing up for Stripe Billing?
Written by Matt Marquez
Updated over 3 years ago