If your business is partially or wholly owned by another legal entity, the individual owners with a 25% or more ownership stake must be listed on your merchant application as owners. This applies even if they are not directly involved in day-to-day operations, as they are considered beneficial owners.
If your business lacks an individual with 25% ownership and doesn't have SSNs available, you can designate an authorized representative to submit the merchant application. For the SSN section, you can use the business's EIN or placeholder information if required. Note that placeholder information doesn't replace a valid SSN.