Business information requirements to use Stripe : Stripe: Help & Support (2024)

Business information requirements to use Stripe

Stripe must verify business identification, the risk level of the business, as well as meet a set of checks and requirements designed by Stripe, financial partners, credit card networks and regulators in order to transact.

To transact on Stripe, Stripe must verify:

Additional Information

  • Any business using Stripe must meet a set of checks and requirements designed by us, our financial partners, the credit card networks, and regulators.
    • These checks and requirements are intended to prevent abuse of the financial system, provide your potential customers with clear and useful information, and prevent material loss to your business or to Stripe.
  • If, at any time, we are unable to confirm that your business meets these checks or requirements, we may ask you to send us more information or fix the problem.
    • Depending on the severity of the issue, your account may not be able to process payments or receive transfers until the issue is resolved. We will let you know if that’s the case.
Business information requirements to use Stripe : Stripe: Help & Support (2024)

FAQs

Business information requirements to use Stripe : Stripe: Help & Support? ›

To have a US Stripe account, you must be incorporated in the US and have a valid physical US address. Stripe will verify your legal entity name, entity type, EIN, and business address on your articles of incorporation or other documents.

What are the business requirements for Stripe? ›

To have a US Stripe account, you must be incorporated in the US and have a valid physical US address. Stripe will verify your legal entity name, entity type, EIN, and business address on your articles of incorporation or other documents.

What additional information is required for Stripe? ›

In other cases, Stripe may require additional information, including, for example, a scan of a valid government-issued ID, a proof of address document, or both.

What are the requirements for Stripe verification? ›

Stripe may require users to upload a photo of a government-issued photo ID and a selfie for identity verification to the Dashboard. The photos must be… Stripe may require additional documentation for verification if it cannot be done automatically. Acceptable documents vary by country and must include…

What information does someone need to activate a Stripe account? ›

Public business information
  • Business name and website URL.
  • Business email address, phone number, and address.
  • Support site URL.
  • Statement descriptor text.

Do you need an EIN number to use Stripe? ›

Stripe requires a verifiable Employer Identification Number (EIN) or Social Security Number (SSN) to use their services; individuals without an EIN are generally able to use their SSN instead. You must enter a verifiable tax ID number (Employer Identification Number or Social Security Number) in order to use Stripe.

What are the requirements to open a Stripe account? ›

  • A tax ID in that country.
  • A physical location in that country at which you are able to receive mail (Cannot be a P.O. box)
  • A phone number in that country.
  • A government-issued ID, such as a passport or driver's license, from any country.

Do I need a registered business to use Stripe? ›

You can use Stripe to sell a product if you have not established a separate business entity to do so. Stripe supports the following alternative business types that you can choose from when signing up: Sole proprietorship: If you do not have a separate entity and operate by yourself.

How does Stripe verify business? ›

To transact on Stripe, Stripe must verify:
  1. Business identification (address and website ownership) and bank account information.
  2. Supportability of your business: what you sell, and if we can support your product/category.
  3. The overall risk level of your business.

Can I use Stripe without verification? ›

Identity verification

If Stripe can't automatically verify your business and/or identity when you sign up for a Stripe account, you will need to upload a photo of your government ID. You will be notified if this is required.

Do I need a business bank account to open a Stripe account? ›

Stripe requires business ownership, bank account ownership, physical location, and website ownership verification to review. please check for any additional information requested by Stripe in your dashboard or email.

What are the requirements for Stripe connected accounts? ›

Minimum verification requirements for connected accounts in United States matching the above selections. Must be a reachable, unique URL that describes the account's business. Must be similar to the business name, legal entity name, or URL of the account. Must be between 13 and 120 years old.

How to setup a Stripe business account? ›

Sign up and complete your business profile

Step 2: Verify your email. You'll receive an email immediately after signing up with a link to verify your email address. Step 3: Complete your business profile in order to activate your account.

What does Stripe require for individual? ›

Individual verifications
  • Identity verification. ...
  • Home address verifications. ...
  • Legal entity verification. ...
  • Business address verification. ...
  • Bank account verification. ...
  • Website verification.

Who is eligible for Stripe issuing? ›

For Stripe Atlas users, Issuing will only be available to use if: You have a valid SSN or photo identification documents (for example, a passport) for verification purposes.

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