?????? Research Essay_ The Rise of
Peer-to-Peer Transfers and Verified
Stripe Accounts
Introduction
The expansion of financial technology (fintech) has transformed how individuals and
businesses manage money. Among the leading peer-to-peer payment platforms in the
United States is Stripe, which enables instant transfers, bill payments, and even
cryptocurrency transactions. For students, freelancers, and small business owners, Stripe
provides a convenient way to manage day-to-day financial activities.
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However, access to the full range of Stripe services often requires account verification.
This paper examines the importance of verified Stripe accounts, their benefits, and their role
in supporting financial security in the digital economy.
What is a Verified Stripe Account?
Stripe accounts can be used without verification but with limited functionality. To unlock
additional features, users must complete an identity verification process that typically
requires:
●Submitting a government-issued ID.
●Linking a phone number and email address.
●Adding a valid debit card or bank account.
This process helps Stripe comply with financial regulations, reduce fraud, and enhance
security.