How it works
Host Onboarding with Stripe
Why Stripe Integration is Required
All hosts must complete onboarding with Stripe to ensure:
- Safer transactions for both tenants and hosts
- Payment protection through secure, regulated financial infrastructure
- Fraud prevention with advanced security measures
- Compliance with financial regulations and anti-money laundering laws
- Dispute resolution support for transaction issues
Know Your Customer (KYC) Requirements
Stripe requires the following information during host onboarding to comply with federal regulations:
- Date of Birth (DOB) - For identity verification and age confirmation
- Social Security Number (SSN) - Required by law for tax reporting and identity verification
- Physical Address - To verify your location and comply with regional regulations
- Government-issued ID - Additional identity verification
- Bank account information - For secure payment processing and payouts
These requirements are mandated by federal law and financial regulations, not by Apateu. Stripe is a regulated financial services provider that must verify the identity of all users processing payments.
Payment Processing Timeline
ACH Transaction Processing
- Standard ACH transfers: 3-5 business days
- First payout: May take up to 7 business days for new accounts
- Subsequent payouts: 3-5 business days after tenant payment
Security Deposit Handling
Hosts have the right to request and hold security deposits until the end of the lease term. At lease completion:
- Host decision: The host must decide how much of the deposit to return and provide reasoning for any deductions
- Deposit release: Any approved deposit amount is released to the tenant with the host’s explanation
- Dispute resolution: If the tenant disputes the host’s decision, Apateu reserves the right to make the final determination on the deposit return amount
About Us
Our Mission
Apateu LLC is a California-registered limited liability company that builds and operates a mobile & web platform for apartment subleasing and second-hand goods. Our mission is to empower students and young professionals with a seamless, secure marketplace experience.
At Apateu LLC, we strive to simplify housing transitions and peer-to-peer commerce by providing an intuitive, trustworthy platform that connects renters and sellers in one place.