WePay, our online credit card transaction portal, uses your social security number (“SSN”) as part of its identity verification program.

WePay verifies the identity of each user of the WePay service in order to manage risk and to comply with anti-money laundering laws. If you are an individual or sole proprietor, WePay 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”), WePay will use the EIN for any required tax reporting instead.

Even if you are acting on behalf of an entity with an EIN, WePay requires your SSN so that they can verify who you are and that you are authorized to act on behalf of the entity. All of the information you enter on WePay is kept safe by our bank-level security measures."

By supplying your Social Security Number, as an administrator of a nonprofit, you will bear no tax liability. A 1099-K, which reports money transfers to the IRS, will NOT be issued in your name, but in the name of your Non-Profit Organization. You provide your Social Security Number for validating that you are an employee of the non profit authorized to move money on its behalf. 

For more details, see the following: