There is information that Stripe needs to collect in order to make sure payments work.
This information includes:
- Business Type
- Full name of the individual
- Date of Birth
- Zip Code
Stripe will not require all this information upfront as it is only required as you cross certain monetary thresholds. Be on the lookout for emails from Stripe asking for more details/information!
For more details check out:
Because of Know Your Customer - https://en.wikipedia.org/wiki/Know_your_customer regulations, Stripe has an obligation to confirm certain pieces of information to verify that identity to prevent identity theft, fraud and money laundering.