Wave is rolling out a new experience for online payments users over the next few months, so some of the information below may not apply to you.
To comply with the FinCEN mandate for customer due diligence, Wave is required to obtain information about every person with 25% or more ownership of your business.
If your business does not have a person who owns 25% or greater, enter the decision maker details for someone with significant responsibility, such as a CEO or Vice President. A decision maker is a person who is authorized to make major decisions for your business.
Wave’s online payments feature is available for non-profits that are incorporated.
For each owner or decision maker, you must provide:
- Type of decision maker
- First and last name
- Date of birth
- Personal address
- SSN/SIN
If a decision maker changes, you can make an update with the help of our Support Team. To reach them, open Mave, Wave’s automated chatbot, and request a Support Agent.