Yes, you have to good man. Even if you do not do so in the beginning, at some point you will be required to fill that information; Click on the link that I have provided, because somebody else had a similar question:
http://answers.yahoo.com/question/index?qid=20110114215358AAu300mGL man and I believe you need to confirm your credit card information first and verify your account that way before you can begin sending money or receiving money; There is another similar question via the link that I have provided:
http://www.webhostingtalk.com/archive/index.php/t-215870.htmlHope that helps.
This post was edited by SirRonLionHeart on Aug 14 2011 06:20pm