Before You Start
Before setting up storekit Payments, make sure you have:- A valid phone number added to your store’s general settings
- Your business registration details (for limited companies)
- Bank account details for payouts
- ID documents for verification (passport or driving licence)
Business Types
storekit Payments supports two business types:| Type | Description | Best For |
|---|---|---|
| Business | Limited Company, LLP, or PLC | Registered companies with Companies House (UK) or equivalent |
| Sole Trader | Self-employed individual trading under their own name or a business name | Freelancers, sole proprietors, unincorporated businesses |
Setting Up Your Account
1
Select Your Business Type
Go to Store Settings > Payments and click Set up storekit Payments. Select whether you’re a Business or Sole Trader.
2
Enter Business Details
For Businesses (Limited Companies):
- Enter your registered legal business name
- For UK companies, we’ll look up your details from Companies House automatically
- Enter your legal business name
- Optionally add a “Doing business as” name if you trade under a different name
- Enter your first and last name
- Provide your registered business address
3
Accept Terms
Review and accept the storekit Payments terms of service. You’ll also need to confirm your business doesn’t fall under the restricted services list.
4
Complete Verification
After initial setup, you’ll be redirected to complete the verification process (see below).
Verification Process
To comply with financial regulations, we need to verify your identity and business. The verification requirements depend on your business type.For Sole Traders
| Verification | What’s Needed |
|---|---|
| Identity verification | Photo ID (passport or driving licence) |
| Bank account | Bank account details for payouts |
For Businesses (Limited Companies)
| Verification | What’s Needed |
|---|---|
| Business verification | Company registration number (looked up automatically for UK companies) |
| Bank account | Business bank account details for payouts |
| Beneficial owners | Details of anyone who owns 25% or more of the business |
| Directors/Executives | At least one director or executive must complete identity verification |
Beneficial owners are individuals who own or control 25% or more of your business. This includes shareholders, partners, or anyone with significant control. You’ll need to provide their name, date of birth, and address.
Identity Verification
For identity verification, you’ll need to provide:- Photo ID - Passport or driving licence
- Selfie - A photo of yourself holding your ID (in some cases)
Requirements by Country
Verification requirements vary by country. Here’s what you’ll need for key markets:| Country | Individual ID | Business Registration | Tax ID |
|---|---|---|---|
| United Kingdom | Passport or Driving Licence | Companies House Number | UTR (optional) |
| Germany | Personalausweis or Passport | Handelsregisternummer (HRB) | Steuernummer |
| Netherlands | Passport or ID Card | KVK Number | BTW-nummer |
| France | Passport or Carte d’identité | SIREN/SIRET | Numéro TVA |
| Ireland | Passport or Driving Licence | CRO Number | Tax Reference |
| Switzerland | Passport or ID Card | UID (CHE number) | MWST-Nummer |
| Belgium | Passport or ID Card | BCE/KBO Number | BTW/TVA |
| Austria | Passport or Personalausweis | Firmenbuchnummer | UID-Nummer |
| United States | Passport, Driver’s License, or State ID | EIN (Employer Identification Number) | SSN or ITIN |
| Australia | Passport or Driver Licence | ABN (Australian Business Number) | TFN (Tax File Number) |
| Canada | Passport or Driver’s License | Business Number (BN) | GST/HST Number |
For businesses, you’ll also need to provide details of beneficial owners (25%+ shareholders) and at least one director must complete identity verification.
Bank Account Verification
You’ll need to provide your bank account details for payouts: For UK accounts:- Account holder name
- Sort code
- Account number
- Account holder name
- IBAN
- BIC/SWIFT code
Verification Status
You can check your verification status at any time in Store Settings > Payments. Common statuses include:| Status | Meaning |
|---|---|
| Pending | Verification is being processed |
| Action Required | Additional information or documents needed |
| Verified | All verifications complete - you can accept payments |
| Failed | Verification failed - check the error message for details |
Processing Payments Before Verification
By default, you must complete verification before you can accept payments. This ensures compliance with financial regulations and protects both you and your customers.Updating Your Details
If your business details change (new address, new bank account, etc.), you can update them in Store Settings > Payments. Some changes may require re-verification.Multiple Stores
If you have multiple stores, you can connect them to the same storekit Payments account if they’re operated by the same legal entity. You only need to complete verification once.If your stores are operated by different legal entities (different companies), you’ll need to set up separate storekit Payments accounts for each.
Troubleshooting
Verification Failed
If your verification fails:- Check the error message for specific issues
- Ensure your documents are clear, in-date, and match the details you provided
- Try uploading documents again
Bank Account Rejected
If your bank account is rejected:- Verify the account details are correct
- Ensure the account is in the name of the business or individual
- Check the account accepts incoming payments