Stripe onboarding is handled by Zero Friction. Once you connect in our application, you'll be redirected to Stripe hosted onboarding.
Once your Zero Friction setup is complete, some company information will be pre-populated:
Company name
Business address
Company phone number
VAT number
Further on in the validation process the following information needs to be filled in:
Verification requirements
Verification requirements for new accounts vary depending on:
Country where the account is registered
Desired capabilities (e.g. accept payments, payouts)
Business type (individual, corporation, non-profit, government agency)
Corporate structure (private company, public company, partnership)
Service agreement type with Stripe
Risk level
Required information for companies
For a company you typically need to collect the following information:
Company information:
Company name
Legal entity type
Tax ID number (VAT number in Belgium)
Merchant Category Code (MCC)
Business address
Website URL
Company Representative:
Full name
Date of birth
Citizen service number/national register number
Job title
Address
Phone number
Email address
Owners/Beneficial Owners: For individuals who own 25% or more of the company:
Personal data (name, date of birth, citizen service number)
Ownership percentage
Position within the company
Validation process
Stripe performs several verifications:
Identity Verification - Checking government documents against public and private databases
Fraud Control - Comparison with databases of known fraudsters and criminals
Address Validation - Verification of entered addresses
Company Registration - Checking whether the company is registered with the correct authorities