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Do I need to provide tax information to withdraw?

When Ripit may ask for a Form W-9 or other tax information before a withdrawal.

Overview

We may require a Form W-9 or other tax information before processing any withdrawal, where the law requires reporting. Tax information is separate from identity verification and may still be needed after you are verified.

What to know

  • We may withhold amounts from a withdrawal where the law requires it.

  • We report payments to tax authorities as the law requires.

  • You are responsible for reporting and paying any taxes on your item sales, whether or not you withdraw the money.

  • We don’t provide tax advice.

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