Personal Data for Payments
Last updated: June 2026
Flip It Exchange partners with Stripe, a secure payment processing service, to allow sellers to receive payments and organizations to receive disbursements. In order to process payments, Stripe collects personal data via the Flip It Exchange platform.
Data Collected by Stripe
Examples of personal data that Stripe collects include:
- Full legal name
- Date of birth
- Address
- Debit card or bank account information
- Government-issued photo ID
- Social Security Number or Individual Tax Identification Number
Stripe uses this data to verify your identity, protect you from fraud, and process payments. To learn more, see the Stripe Privacy Policy.
Providing Your Taxpayer Information
Periodically, Stripe will ask you to provide your Social Security Number (SSN) or Individual Tax Identification Number (ITIN) and your current address. Stripe is required by the Internal Revenue Service (IRS) to collect this data for tax reporting purposes.
Important
All payments may be paused until you provide the information that Stripe requires. As soon as your information is validated, payments will be released into your deposit account.
Submitting Your Data Through Secure Notifications
Flip It Exchange will send you a notification (by email or in the app) any time that Stripe requires your personal information or needs to validate your data. For your protection, only submit the requested information through the secure email or notification—never provide it by text or over the phone.
Tip: For best results, ensure you're using a current browser and keep your account information up to date before submitting your personal information.
Protecting Your Privacy
We're serious about your privacy. For your protection, Flip It Exchange does not store any of the financial information that you provide to Stripe. Additionally, Flip It Exchange does not collect or share any of your sensitive personal information beyond what is necessary for payment processing. To learn more, see our Privacy Policy.
Questions about how your data is handled? Please reach out via our Contact page.