We utilize Stripe as the program used to get your money to you! Stripe is the leading provider of marketplace transactions and works with companies such as Uber and Postmates. Stripe will enable us to provide you, a valued sitter, with the most reliable and timely payments possible.
Please follow the instructions below to update your payment details.
What you need to do now:
- Confirm your app is updated to the most recent version
- Gather the information needed to create your Stripe account: Bank account or debit card details and Social Security Number or Individual Taxpayer Identification Number.
- In your Bambino app, navigate to the My Account tab and click “Update My Stripe Account”.
- Follow the steps to set up your account.
If you do not complete your Stripe account, you will not be able to accept bookings.
If on mobile: Click here to create your Stripe account in the app
*If you have a Stripe account through another service, you still need to set up the account for Bambino.
Why does Stripe need my Social Security Number?
It is required as part of Stripe’s mandatory identity verification requirement and for 1099 tax purposes. It is not stored by Bambino. Please see this FAQ for more information.
What is an Individual Tax Identification Number(ITIN)?
An Individual Taxpayer Identification Number (ITIN) is issued by the Internal Revenue Service (IRS) to non-resident workers who are not eligible to receive a Social Security Number (SSN) but will receive taxable payments. Please see this FAQ from the IRS about ITIN numbers if you have more questions.
Why will I get a 1099 for my sits through Bambino?
Beginning January 1, 2023, the IRS decreased the threshold for reporting amounts on Form 1099-K to $600 in all U.S. states. Please see this FAQ for the IRS’ new reporting threshold.
Will instant payments be an option?
Yes! Instant payment is now available for Sitters with eligible debit cards. Please visit here for more information on supported payment methods.
For additional payment questions, please read this FAQ.