Business information
If your business is registered in the US, you must provide the following information:
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Legal name
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Trading name
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Legal entity type
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Registered address
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Principal address
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Employee identification number (EIN)
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Financial information – annual processing volume, highest transaction value, average sales price
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Company ultimate beneficial owner's (UBO) personal information and proof of identification
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Authorized signatory
Authorized signatory and ultimate beneficial owner
You must assign one representative as an authorized signatory. An authorized signatory is the key decision-maker for the business. The assigned authorized signatory may also be a UBO. Therefore, two possible role combinations are:
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An authorized signatory who is a UBO, and up to three other UBOs, or
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An authorized signatory who is not a UBO, and up to four UBOs
If you are a sole trader registered in the US, you must provide the following information:
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Your first and last names
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Trading name
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Social security number (SSN)
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Registered address
Bank account information
You must add a bank account to get paid, regardless of your business type.
For example, if you are adding a US/USD bank account, you must provide the following information:
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Account number
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Bank code (routing number/ABA routing number)
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Bank account document
Acceptable document types for verification document uploads
Each uploaded document must meet certain standards to be accepted for verification:
| ****Document types**** | ****Valid document types**** | ****Document standards**** |
| Identity document | - Passport - US government identity card (with photo) - Valid US driver license (with photo) | - Cannot be a photo of a photo – for example, a photo of a document on a computer screen - Must be clear and large enough to read – fuzzy documents are not accepted - Must be in color – no black-and-white scans - Must be complete – for example, all four corners must be visible - Must not be expired - Must not be forged |
| Company document | - Employer Identification Number (EIN) letter - Certificate of Incorporation (CoI) - Memorandum of Association (MoA) or Articles of Association (AoA) - Ownership structure (if not found in MoA or AoA) | - Cannot be a photo of a photo – for example, a photo of a document on a computer screen - Must be clear and large enough to read – fuzzy documents are not accepted - Must be complete – no trimming of document |
| Bank account document | - Bank statement | - cannot be a photo of a photo (for example, a photo of a document on a computer screen) - must be clear and large enough to read (fuzzy documents are not accepted) - must be complete (no trimming of document) |
| Proof of address document (if needed) | - Valid US driving license (with photo) - Property tax receipt - Posted mail with name of customer - Utility bill (for example, gas, electric, water, or fixed line telephone) - Lease agreement or mortgage statement - Bank or credit card statement containing name and residential address - Insurance policy containing name and residential address | - Cannot be a photo of a photo – for example, a photo of a document on a computer screen - Must be clear and large enough to read – fuzzy documents are not accepted - Must be complete – no trimming of document |