During the application for world pay, they wanted my SS number. So the application was canceled. Why would an online payment processing company want my SS number? There is a real problem with companies like world pay asking for SS numbers. And what gets me, people give that kind of information out. I can understand a company wanting to protect itself. But there is a fine line between a company trying to protect itself and a person protecting their identity. So, at this point and time I can not / will not use world pay for my online payment processing.
If I was at your place, I would not give such information. Scammers use this number to make a fraud. This might mess up your credit history.
Just about every processor is going to ask for your SSN. If they are US based and so are you, it is required by FTC regulations. How else would you suggest them to try and protect themselves? They're liable for fraud that their customers make. There's not really another way to accurately report and track a person than their SSN.
no payment company ask you for SSN.... so dont give it to anyone or you will get screwed by scammers....
Well, I think you guys are too harsh on Worldpay. It is a reputable company and not some scammers. Worldpay is a company of the Royal Bank of Scotland. Since you are a US citizen, payment processors would require you to submit your SSN number so that they can determine if you are really a US citizen, it is a part of the 'Get to Know Your Customer' policy. I am pretty much sure that Worldpay would not abuse your identity. If you are not doing anything wrong, you should not have anything to fear. Worldpay needs to protect themselves because if you don't trust them, how would they expect them to trust you ? There is always the need for accountability and they would need to comply with the law in regards to money laundering. It is important that the financial system is not abused by money launderer, fraud or terrorists. If you are uncomfortable with providing your SSN to reputable companies, perhaps dealing online is not for you.
i wouldn't give my ss, that is just too much.. paypal asks for social to upgrade withdrawal limit but i rather not
Is it really a FTC regulation? I don't think so. If this was the case then why doesn't the biggest payment processor in the world ever ask for it during signup? HUH? I've used at least 4 other well known companies in the past and present who have not asked for this information. They're only asking for it because they believe it combats fraud on their site. There's no legal reason why they require it to sign up! The only fraud being perpetuated here are the companies who requests it under the guise that they're required under some sort of homeland security statute.
I know this point has already been touched, but there are a few reasons they need your social security number: 1. Written legislation: The Patriot Act requires certain identifying pieces of information before granting individuals/organizations access to funds. 2. Fraud Protection: Are you really who you say you are? 3. Financial Risk: Are you or your business financially solvent, and do they know that? There are a few things you can do to make sure your information is going to a legit company. First, look at the security pages. Sure, people can post a secure logo, but there should be more information than that. Second, if you are on the phone with someone and don't feel the trust, hang up and look online or in a phonebook(do people still use those?) for the companies #. That way you are at least in control of who you are talking to. You could always contact the BBB, as well.
hey man,dont care about SSN alot,i know some one that can find your ssn Simply just via (NAME+ADDRESS) so my idea is give them the number,they cant do shit with it..........
They can't do anything with it? Let's tell that to Todd Davis, CEO of LifeLock. His company is supposed to prevent people from identity theft. http://www.nytimes.com/2008/05/24/business/yourmoney/24money.html?_r=1&oref=slogin
Generally its used for tax purposes but some processors protect themselves to verify its you so they do have some client passing a bunch of fraudulent transactions. Also its generally US processors that ask for them anyways.
Hi, Financial institutions and many other corporations require a SS number. SS numbers are the easiest way to look up credit history. SS numbers are not available to anyone else - that would be a huge violation of privacy. SS numbers are easy to get Jim ><>
Oh yea, Up until about a year ago, (that is when I noticed the change), my drivers license number was my Social Security number! Everybody and their brother saw my SS number! In fact, it is absurd that any application, for a job or whatever, needs more than a SS number from you. They can get all the other info from that one number. Jim ><> Jim ><>