Hello,
I have been using Wise for years and never been asked to provide SSN.
Today, I tried to make a transfer for less than $1000 and was asked to provide SSN.
Has anyone done this?
I'm a little worried to provide a very sensitive info.
Thanks,
Hello,
I have been using Wise for years and never been asked to provide SSN.
Today, I tried to make a transfer for less than $1000 and was asked to provide SSN.
Has anyone done this?
I'm a little worried to provide a very sensitive info.
Thanks,
Yes, I just made a transaction a few days ago for around $400, and was asked for my SSN. This is a requirement for financial institutions (which WISE is) so I had no qualms about giving it (it's encoded as you key the numbers in) and everything went through fine.
It's no different than providing it to a credit card company when you apply, or a bank when you open an account.
Probably some cracking down on money transfers going on. Services like Wise have become useful for moving drug proceeds and money gained from theft.
I just used Xoom, a subsidiary of PayPal to send money to a host in Italy, and used my PayPal balance to pay, never was asked for SSN.