What’s Stripe Identity Verification and Why Is It Necessary?

Stripe provides fast, efficient, and transparent payment services globally. To comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations, Stripe requires some teachers to verify their identity.

Who Needs to Verify?

This process is required for teachers in the European Economic Area (EEA), including European citizens and residents of the EU. Teachers must undergo identity verification when their accumulated withdrawal amount reaches 2,500 EUR (3,000 USD) within 365 days from their first successful withdrawal.

When Is Verification Required?

For example, if you are a teacher in Europe who has withdrawn 1,000 EUR, you will not need to verify your identity until your total withdrawals reach 2,500 EUR. Verification can take 1-3 business days and will be reviewed by the Stripe Compliance team. All transfers from your account will be paused until the verification is complete.

Required Documents for Verification

To complete the verification process, you may need the following documents:

Proof of Identification (one of the following):

• Passport
• Driver's license
• Government ID card

Proof of Address (one of the following):

• Bank or credit card statement
• Utility bill
• Government letter

Document Requirements

• The document's front and back must be submitted (except for passports).
• The name on the document must match the name of the payee exactly.
• Documents must be dated and valid (expired documents are not permitted).
• All four corners must be visible.
• Documents must be in color, readable, and of good quality.
• Size: 400KB - 4MB
• Format: .pdf, .jpg, or .png

Additional Requirements for Proof of Address

• The address on the document must match the payee's address exactly.
• The document must be dated within the last 90 days.
• Size: 30KB - 4MB
• Format: .pdf, .jpg, or .png

The verification will not be successful if the documents do not meet these requirements. For further assistance, please contact Muzeg support via support@muzeg.com.