Identity Verification Process
Last updated
Last updated
At Fanable, we’ve made identity verification simple and easy so you can focus on what matters: collecting.
KYC (Know Your Customer) is a process required by financial regulations to verify your identity. It helps prevent fraud and ensures a secure platform for all users. You’ll only need to complete this process when you’re ready to withdraw your balance. Here’s how it works:
Start the Process: When you request a withdrawal, you’ll be prompted to complete identity verification.
Verify Your Identity: We’ve partnered with Stripe to securely handle all verifications. Stripe may ask you to provide the following:
Personal Information: Your full name, date of birth, and address.
Government-Issued ID: A valid passport, driver’s license, or national ID card.
Social Security Number (SSN): Stripe will ask for the last four digits of your SSN. If verification fails, they may request the full 9 digits.
Proof of Address: In some cases, you may be asked to provide a document like a utility bill or bank statement showing your current address.
Quick and Secure Verification: Stripe usually completes the process within minutes, but it may take a few hours in certain cases. Rest assured, the process is fast, secure, and compliant with all regulations.
Stripe Holds Your Information: Fanable does not store your personal data. Stripe, our trusted payment provider, securely handles and protects all information related to identity verification.
Complete Your Withdrawal: Once verified by Stripe, you’ll be able to withdraw your balance. This verification is only required once - unless regulatory changes or Stripe’s policies require you to update your information in the future.
For more information or assistance, feel free to contact us at contact@fanable.io.