SSN and TIN requirements

The applicant SSN (Social Security Number) and business TIN (Tax Identification Number) requirements for merchants submitting a payment processing application can vary depending on the type of business they are operating. Here are some general guidelines:

Sole Proprietorship

• Applicant SSN is required
• Business TIN is not required, but the applicant may use their SSN as the TIN

Partnership

• Applicant SSN is required for all partners
• Business TIN is required for the partnership

Limited Liability Company (LLC)

• Applicant SSN is required for all members with more than 25% ownership
• Business TIN is required for the LLC

Corporation

• Applicant SSN is required for all owners with more than 25% ownership
• Business TIN is required for the corporation

Non-profit Organization

• Applicant SSN is not required
• Business TIN is required for the nonprofit organization