How can I allow users to get paid directly with stripe?

Question

I've looked at stripe connect and it forces each user to impute their Social Security number and etc. just so they accept payments for a item they want to sell.

Is there a less painless method where users can sell something on my site, receive monies, and buy from other users?

I tried using stripe alone and it pays me directly. Problem is I want user to sign up, sell something on the site, and get paid. I'm not sure how this can be done without having each user impute social security numbers, tax id, and other personal information if all they want to sell is a pen.

Answer 1

For financial compliance reasons (know your customer laws, anti-money laundering stuff), as well as protecting you from chargebacks and refunds, you'd have to use Stripe Connect and either Standalone or Managed Accounts. Unfortunately this means you'll have to collect certain information from the user like their bank account, date of birth, last 4 of their social, etc.

Answer 2

You can using their Transfers API, but you need to be in the US and so do they. https://stripe.com/blog/send-payouts-with-stripe