You’re required to verify your bank account for security and compliance purposes. Parafin must make sure that the funds are being sent to a serviceable bank account that you own, and that you receive your sales payouts to.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.