Last updated: March 21, 2022
These Stripe Connections Verifications Terms (“Terms”) apply to your use of the Stripe Verifications Services (defined below) and any data you obtain through the Stripe Verifications Services. Do not accept these Terms or use the Stripe Verifications Services if you or your company is prohibited from doing so by applicable Law.
1. Relationship to Stripe Agreements
1.1 Stripe Agreements. When you use the Stripe Verifications Services, you expressly agree to these Terms, the Stripe Services Agreement, and all updates and modifications Stripe makes to either from time to time, if any. These Terms supplement the Stripe Services Agreement, which governs your use of Stripe Services and is incorporated into these Terms by reference. To the extent that there is a conflict between the Stripe Services Agreement and these Terms, these Terms will prevail. Capitalized undefined terms used in these Terms have the meanings given them in the Stripe Services Agreement.
1.2 Stripe Services Agreement Version. The version of the Stripe Services Agreement incorporated into these Terms is the version that applies to the jurisdiction in which your Stripe Account is established. If the name of your jurisdiction does not appear in the title of the page accessible via the relevant Stripe Services Agreement link, you may contact Stripe and Stripe will provide the correct link to you.
2. Use.
2.1. Generally. The Verifications Services and specific End User Data are made available to you for the sole purpose of enabling you to verify your End Users’ bank accounts as required under applicable Law and for any charges expressly authorized by End Users. You agree to not directly or indirectly sell, license, or otherwise make available to a third party any End User Data or the Verification Services. Stripe, and any third party engaged by Stripe, will act as your processor (e.g., service provider) for the purposes of facilitating your access to the requested End User Data. You acknowledge that Stripe will also request consent from End Users to separately collect, use and store End User Data as an independent controller of such data in accordance with the terms available at https://stripe.com/legal/end-users (“End User Terms”). As a condition of using the Verification Services, you will use the Verification Services in accordance with our documentation, which we may update from time to time, and you will not request End User login credentials for an End User’s bank account.
2.2. End User Consent. You will provide notices to, and obtain consents from, End Users as required by applicable Law to verify your End Users’ bank accounts and to maintain records thereof. You will assist Stripe in obtaining End User Consent pursuant to the means provided by Stripe. You will not use or make public or End-User facing statements concerning End User Data that contradict these Terms, the End User Terms or the Stripe Privacy Policy.
2.3 Responsibilities. As between you and us, you are responsible for providing the interface to End Users and any assistance and support to End Users in connection with the Verification Services. If a data subject notification is required, including a data breach or updates to Stripe's End User Terms or the Stripe Privacy Policy, you will reasonably assist Stripe in notifying End Users, including by way of email to those End Users. When requested by us, you will provide us with reasonable information relating to an End User’s complaint or issue that is raised to us or a Data Source, including any records of notices or consents to verify the End User’s bank accounts. Stripe may request information regarding you, your use of the bank verification services and related information, and your security procedures and practices for such information, and you will respond with accurate and complete information. No more than once per year, Stripe may request, and you will provide, an attestation of your compliance with these Terms.
3. Compliance with Laws.
3.1 End User Rights. If any End User seeks to exercise End User Rights related to the Verification Services, including revoking End User Consent, then you will notify Stripe promptly and in any case within five business days pursuant to the means provided by Stripe, and provide any necessary assistance to address the End User Rights request, including by providing End Users with access to End User Data in your possession or control, or facilitating lawful requests for data deletion.
3.2 FCRA & GLBA. Stripe is not a consumer reporting agency, as defined by the Fair Credit Reporting Act (“FCRA”). You must not take any action that would subject Stripe to the FCRA. Stripe is not a Financial Institution, as that term is defined in the Gramm-Leach-Bliley Act (“GLBA”). If you are a Financial Institution, as defined in the GLBA, you must disclose this status to Stripe, along with any other information requested by Stripe prior to accessing the Verification Services.
4. Pricing and Fees.
Stripe will provide the Stripe Verification Services to you at the rates and for the fees (“Fees”) described at the bottom of this page.
5. Termination; Suspension.
5.1 Termination. These Terms will continue in full force and effect until (i) the Stripe Agreement is terminated; (ii) you breach these Terms or the documentation in a manner that cannot be remediated within 30 days; (iii) a Data Source requires Stripe to suspend or terminate your access to the Data Services; or (iv) these Terms are terminated by Stripe by providing 30 days’ written notice to you.
5.2 Suspension. Stripe reserves the right in its sole discretion, to deny or refuse to provide the Verification Services (either in general or with respect to a particular End User), or to suspend your access to the Verification Services in Stripe’s reasonable discretion, including if you propose a change to the purpose for which you collect, use, disclose or otherwise process End User Data.
6. License Grant from You.
You grant to Stripe and Data Sources, a worldwide, non-exclusive non-transferable, limited license to use your name and trademark in connection with providing the Verification Services, including for Stripe’s marketing purposes. All goodwill generated from the use of your name and trademark will inure to your benefit.
7. Definitions.
In these Terms, the following definitions apply:
“Account Verification” means a one-time pull for a tokenized account and routing number for a single account.
“Data Source” means the persons or entities that are providing End User Data to Stripe.
“End User” means a person whose bank accounts you would like to verify.
“End User Consent” means an End User’s agreement to the End User Terms.
“End User Data” means the information pertaining to End Users collected by Stripe or its Data Sources in connection with the Verification Services. End User Data includes Personal Data.
“End User Rights” means the rights afforded to consumers under the California Consumer Privacy Act, data subjects under the General Data Protection Regulation (“GDPR”), or any other data privacy Law that applies to your use of the Verification Services.
“Personal Data” means any data pertaining to a natural person, including the meaning set forth in the California Consumer Privacy Act.
“Stripe Verifications Services” means Stripe’s provision of Account Verifications to you as further set out in the Stripe Verifications Services Documentation. The Stripe Verifications Services are “Services” under the Stripe Services Agreement.
“Stripe Verifications Services Documentation” means the Documentation, along with other documentation that Stripe makes available to you (including via email and the Dashboard), relating to the Stripe Verifications Services.
Fees
Account Verification: $1.50 per API call