Provider Signup Guide for Stripe Connect via Veriport

Provider Signup Guide for Stripe Connect via Veriport

Step 1: Accessing Stripe Connect through Veriport.

  1. Login to your Veriport account.
  2. Open Settings and click on Stripe Connect Management.
  3. Initiate Stripe Connect Setup Click the Connect with Stripe button.
  4. You’ll be redirected to the Stripe onboarding page specifically tailored for Veriport users.

Step 2: Entering Your Tax ID Number

  1. To ensure your invoices and taxes are correctly set up, you must provide your Tax Identification Number (e.g., GST/HST number in Canada, EIN in the US):
  2. Input Your Tax ID Number Enter your Tax ID (GST/HST, EIN, VAT, etc.) accurately.
  3. If you don't enter your Tax ID, you may do so at a later date. Please note that without an ID entered, taxes will not be added to the invoices that will be automatically generated for the services you provide.
  4. Confirm the details match official documentation to ensure correct tax handling.
  5. Validate and Confirm Stripe may validate your Tax ID number in real-time.
  6. Confirm all details are correct before proceeding.

Step 3: Creating or Linking your Stripe Account

  1. Create a New Accounti f you do not have a Stripe account, you'll see a form prompting you to enter your business information and create an account.
  2. If you already have a Stripe account, click the link to log in and authorize connection to Veriport.
  3. Provide Business Information Enter your business type (e.g., Corporation, Partnership, Sole Proprietor, etc.).
  4. Input your business name, address, and contact details (phone, email).
  5. Stripe may require you to verify your identity to prevent fraud and ensure that you are authorized to setup the Stripe Connect account for your company.

Step 4: Configure Your Bank Information

  1. Enter Bank Account Details Provide the bank details (bank account number, routing number, etc.) where Stripe will deposit your payments.
  2. Stripe will verify these details and securely store them.
  3. Confirm Payout Settings Confirm your currency and country. Review the payout schedule (daily, weekly, monthly) that will be deposited to your bank account.

Step 5: Final Review and Submission Review Provided Information

  1. Double-check all provided information (business details, bank information, tax ID number).
  2. Ensure accuracy, as incorrect information may delay payments or cause issues with tax reporting.
  3. Stripe will verify the account and notify you within Stripe whether your Connect account is fully setup and ready to accept payments for services.

Step 6: Receiving Payments

  1. After submission, you will start receiving payments for services completed via the Network.
  2. Once active, all completed services through Veriport will trigger automated payments to your Stripe Connect account.
  3. Invoices will include your provided Tax ID, clearly itemizing taxes when applicable.

Step 7: Accessing Invoices and Statements

  1. To view invoices generated by Veriport on your behalf: Log in to your Stripe Connect Dashboard.
  2. Navigate to Payments > Invoices to review, download, or reconcile invoices and tax details.
Additional information about Stripe Connect can be found here.