Yes. Stripe charges a service fee per online transaction. All service fees made through your fundraiser on Read for My School come out of your connected Stripe account. 

To verify your business, Stripe requires the following for review:

• Business ownership verification: Stripe will confirm the identification information you provide when you set up your Stripe account.
• Bank account ownership verification: Stripe will confirm that the information on your account application matches the account owner of the bank account added to Stripe.
• Physical location of business: Stripe will confirm the physical address of your business.
  

IMPORTANT TIP: Please make sure that your business name matches your business tax ID (EIN) so that Stripe can process and approve your Stripe business account. If you don't know your organization's business name, you can search the IRS database with your EIN number to find it.

Below are guidelines of what business information commonly matches with the IRS, sorted by business type.

These are general guidelines; each business case is unique and this list is not a guarantee of a Tax ID match. See Using IRS documentation as reference when entering business name and tax ID number (TIN) for US-based businesses for instructions and additional information on how to find and enter your name and EIN.

Common identification guidelines by business type

• Individual: Individual Name and Social Security Number (SSN)
• Sole Proprietorship: Individual Name and SSN (or EIN, if your Sole Prop has one)
• Single Member LLC that is disregarded for federal tax purposes:
• If owned by an individual: the owner’s individual name and SSN or EIN. The LLC’s name or EIN should not be used.
• If owned by a corporation or partnership: the owner’s name and EIN. The LLC’s name or EIN should not be used
• LLC that is treated as Corporations or Partnerships for federal tax purposes: The LLC’s name and EIN
• Corporation: Business Name and Entity’s EIN
• Partnership: Business Name and Entity’s EIN
• Tax Exempt Organization (e.g. Non Profits): Organization Name and Entity’s EIN as found on the IRS Tax Exempt Organization Search tool.
• Other Entities: Enter your name and EIN as shown on required U.S. federal tax documents. This name and EIN should match the name and EIN shown on the charter or other legal document creating the entity.

For additional information on what name and TIN to provide, please see instructions in the IRS Form W-9.

If you are a tax exempt organization (e.g. nonprofit organization) located in the United States and registered with the IRS, you can use Stripe by entering your Organization name and Employer Identification Number (EIN).

Tax exempt entities can be found on the IRS public Tax Exempt Organization Search tool. Search for your organization to identify the name and EIN stored on the IRS website: search here.

See Using IRS documentation as reference when entering business name and tax ID number (TIN) for US-based businesses for instructions and additional information on how to find and enter your name and EIN.

You (or the organization that created the fundraiser) are responsible for all payment disputes that occur with your fundraiser on Read for My School. To view more, please see our Terms of Use.