ooo is this progress with the payment processor?

[Miss Deviant]

Messaged you DP Does anyone know why they require an address? how will this counteract fraud? and what kind of fraud? x

All financial institutions require proof of address. It's rather like when you open a bank account - you have to take a utility bill. Payment processors are no different. They require this information to ensure that a) You are the recipient of the funds being paid - this is to counteract money laundering and b) the bank account the funds to be paid into is YOUR bank account and not some Prince Nguara from Nigeria (!) 

It's basic security to counteract fraud.

If you have provided details for VAT; then you won't need to add this information as they will use your vat registered address. 

If you aren't VAT registered; they will require the address of where your bank account is registered - that's YOUR home address - the address you used when you opened said bank account.