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Why does the name on my payment method have to match my verified ID?

Why every payment method and payout account on Ripit must be in the same name as your verified identity.

Overview

We pay withdrawals only to a bank account held in the same name as your verified identity. Each payment method used on your account must also be issued in your name. This is to prevent fraud, money-laundering, and to comply with regulations outside of Ripit’s control.

Why it matters

Name matching is a core anti-fraud control. Mismatched names are one of the most common ways stolen cards are used, so the rule protects your funds and your collection.

What to know

  • Using a payment method or payout account not issued in your name, or that you are not authorized to use, is prohibited under the Terms of Service.

  • Where supported, a withdrawal may go to the payment method used to fund your purchases, provided it also matches your verified identity.

  • Adding or changing payout details may pause withdrawals until you complete re-verification.

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