4 ms·

How does Stripe get away without the paperwork?

• StavrosK 13y ago
  That's what I'm wondering too. They require zero paperwork, though, and Paymill did tell me that the paperwork they sent me was mandatory for all money-processing companies.
  • progx 13y ago
    I think it is only possible when the money processing companies from stripe did not want the papers. But on the other side this means, that stripe is less secure?
  • collision 13y ago
    Stripe collects information from you before you can start using it -- you'll see us ask for this when you go to activate your account. But we've worked to make it as quick, painless and sensible as possible. The sign-up process is part of the product, and we treat it that way. Onerous paperwork is not an inevitability.
    • StavrosK 13y ago
      Well, I don't even remember you asking for it, so you must be doing something right. On the other hand, all I remember about Paymill is that they asked me for the info.