In order to remain in compliance with all Federal and State laws, Plastiq will sometimes request additional customer information.
In Texas, our Services are offered by PLV Inc. DBA PLV TX Branch Inc., a subsidiary of Plastiq. PLV Inc. is a licensed money transmitter in the state of Texas (License #: 3139). As a money transmitter, PLV Inc. is required to collect certain information about our customers (including tax identification numbers) to meet record-keeping requirements (See 31 CFR § 1010.410(e)(2)(ii)). All customer information is stored securely using AES 256-bit encryption.
"What does this mean for my account?"
If you add a payment method to your account and it has a billing address located in Texas, we will require you to provide your EIN (Employer Identification Number), SSN (Social Security Number) or ITIN (Individual Taxpayer Identification Number) before we allow you to use that card for payments.
In the rare case that you have both an ITIN and an SSN, please provide your SSN.
"What if I don't have an EIN, SSN or ITIN?"
If you're unable to provide either of these identification numbers, you can provide either:
- an Alien Identification Number
- Passport number and name of the issuing country