This article will outline why we ask for your SSN and ID when you are signing up for a Metal Pay account.
Metal Pay has engaged third-party service providers to perform many of the services related to payment processing, identity verification, fraud analysis, and regulatory compliance.
Metal Pay and its third-party service providers require that you verify your identity in order to safeguard the integrity of the platform and reduce the risk of fraud, money laundering, terrorist financing, and the violation of sanctions. As such you will need to provide documents to verify your identity, such as a valid U.S. government-issued ID and SSN.
Your SSN and U.S. government-issued ID is requested by third-party service providers in order for us to process USD deposits. All in all, it means you and your money will be safer.