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@ColinWright - From what I understand, Square's verification exists to make sure the person signing up is who they say they are. So if I find someone's social s
by kevinchen 13y ago
@ColinWright - From what I understand, Square's verification exists to make sure the person signing up is who they say they are. So if I find someone's social security card on the ground, or guess the SSN (not that hard in some cases), I can't sign up for Square pretending to be that person. I don't think they are running credit checks. Their provider simply scrapes credit reports as an additional source for questions ("Which of these banks do you have an account at?" or "What's the street number of your first mortgage?")
- ColinWright 13y agoWe're using the same terms in slightly different ways. You're talking about acknowledging that someone really is who they are, but being unwilling to extend them credit. I'm talking about not being willing to extend credit to the entity in question, whether they are who they say they are or not. It's a genuine distinction, but perhaps it doesn't really matter. Perhaps it does, but regardless, we're not really disagreeing. Square is refusing to provide access to the individual because they claim it is risky to do so. They're saying it's because they can't confirm his identity, but it's still a refusal to extend "credit" to an "individual."