Why does IfOnly need my Bank Account Info? Why do they need my tax ID?

IfOnly has thousands of Luminaries providing experiences on our marketplace. In order to ensure that you're paid on time, IfOnly direct deposits into the accounts starting on the 1st and the 15th of every month (see When do I Get Paid?). Direct deposit allows us to ensure the money is sent to your account on time. The IfOnly marketplace does not currently provide any other payment methods at this time. 


Federal law requires us to collect your taxpayer information, whether that's a Social Security Number or an Employer Identification Number (EIN). This allows us to accurately report any taxes we collect from sales of your experiences to the IRS. IfOnly will include any taxes collected on your behalf during the sale of an experience during your second payout.