Business Information

In this section, you will provide important information about your business, which helps us understand who you are and how we can best serve your payment needs. Let’s break down each part of the Business Section so that you feel confident moving forward.

Legal Business Name

The Legal Business Name is the official name of your business as it’s registered with the government. Think of it as the name that appears on all your legal documents and tax filings. This must match exactly what you have on your business registration paperwork, as this helps us verify your business identity and set everything up correctly.

DBA (Doing Business As)

Your DBA, or "Doing Business As" name, is the name your customers are more likely to recognize. If you operate your business under a name different from your official legal name, you should list it here.

For example, if your official business name is “Smith Enterprises LLC” but you run a café called “Smith’s Coffee Corner,” then “Smith’s Coffee Corner” would be your DBA.

If you don’t have a different DBA, enter your Legal Business Name here again.

Website (Optional)

If you have a website for your business, this is the place to include the link. A website helps us learn more about your business, but don’t worry if you don’t have one yet. This field is optional, so you can leave it blank if it doesn't apply to you.

Business Phone Number

Next, we’ll need your Business Phone Number. This is the main contact number for your business. This must be an active line where we or your customers can reach you, and it should be associated with your business rather than a personal number.

Fax (Optional)

If your business still uses a fax number, you can include it here. While fewer businesses use fax these days, we provide this option for those who do. It’s entirely optional, so feel free to skip it if it doesn’t apply.

Tax ID/EIN

The Tax ID (often called an EIN or Employer Identification Number) is how the government identifies your business for tax purposes. If you don’t have an EIN because you’re a sole proprietor, you can use your Social Security Number (SSN) instead. This helps us verify your business so we can set up your payment account securely.

Business Incorporation Date

This is the date when your business was officially registered or incorporated. You can find this information on your incorporation documents. Providing the correct date helps us ensure that all your business records align properly.

Company Type

In this section, you will tell us what kind of business structure you have. Are you a sole proprietor, an LLC, a partnership, or something else? Here are a few examples:

Individual/Sole Proprietor: You’re running the business on your own, and it’s not incorporated.
LLC (Limited Liability Company): Your business is registered as an LLC, which provides some liability protection.
Partnership: You run the business with one or more partners. Each partner shares in the profits, losses, and responsibilities of running the business.
Private Corporation: Your business is privately owned and registered as a corporation. This means it is a separate legal entity from you as the owner and provides liability protection.
Public Corporation: Your business is publicly traded and registered as a corporation. This structure offers significant liability protection and is owned by shareholders.
Non-Profit Organization: Your business is registered as a non-profit entity, focusing on social, educational, or charitable activities, and is not intended to make a profit.
Government Entity: Your business is a part of a government body or public sector organization.
Trust/Estate: Your business is managed as part of a trust or estate, often involving the management of assets for beneficiaries.
Financial Institution: Your business is categorized as a bank, credit union, or other financial services provider.
Tax-Exempt Organization: Your business is tax-exempt under IRS regulations, typically due to its charitable, religious, or educational purpose.
Association: Your business is a group or organization formed for a particular purpose, often representing a collective of members sharing a common goal.
SEC Registered Entity: Your business is registered with the Securities and Exchange Commission, which applies to certain types of investment companies or brokers.
Estate or Trust: Your business involves managing the assets of a deceased person or a legal arrangement to hold assets for someone else’s benefit.

Selecting the right business type is important because it helps determine the best payment terms and regulations that apply to you.

Business Location

Finally, we need the Business Location. This is your business’s physical address—where you operate. If you run your business online or from home, you can use your home address here. If you have multiple locations, please use your main business address.

Why We Need This Information

All of these details help us get a clear picture of your business. By understanding your business type, where you operate, and how you’re structured, we can set up your payment processing correctly and efficiently. It also helps us comply with government regulations and keep your information safe.

If at any point you have questions, we’re here to help. You can save your progress at any time and come back later if you need to gather some more information. Once you’ve completed the Business Section, you’re well on your way to being able to accept credit card payments!