We collect your contractor's W9 information when they register. This includes:
• Legal name
• Date of birth
• SSN and/or EIN
• Mailing address
If they register with EIN, we collect:
• Legal business name
• Formation date
• Entity type
Why is this information collected?
• We're built on a banking platform and fully identifying all recipients is a requirement of the underlying bank partner Gig Wage is built on.
How do we use this information?
• It is passed directly to the bank for identification purposes. If the sender uses Gig Wage's 1099 services, this information is auto-populated into their 1099 for submission to the IRS. This information is not shared with anyone except to facilitate payments and 1099s.
Why was my contractor still asked to provide a government-issued ID after submitting all this information?
• Common names are often on an OFAC/Sanctions watch list. If your contractor's identification could not be verified with the information previously provided, we'll reach out right away to request proof of identification.
Since this identification process occurs every time we process a payment, a contractor may be found on the list after receiving successful deposits. Once we collect an ID, there is no risk of them being back on the watch list unless they are an exact match to the individual on the watch list.
Have a question or concern? Send us a message via our live chat in the bottom right corner of this window!