For a video walk-through, please click here: Getting Started with Payments AI
Please follow the steps as outlined below:
Before you get started you'll want to make sure you have copies of your business documents readily available to you. If you're signing up as a Sole Proprietor, you'll want to have your personal information ready.
Step 1: Read and accept Payment AI's policies and contracts.
Step 2: Adding your Business Information.
You will be required to fill out the following questions:
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Business Name
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DBA name (If you do not have a DBA, you can re-enter your business name here)
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Business Email
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Business Website (IMPORTANT: Please provide the website that this gateway will be used to sell your products/services on. To ensure it's in compliance with card brand regulations, please click here.)
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Business Phone Number
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Employer EIN or Personal Social Security Number. You can apply for an EIN from the IRS here or apply as a Sole Proprietor with your personal social security number.
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Credit Card Statement Name
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Your current annual sales volume.
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Your Business Type (Select Sole Proprietor if you are applying with your personal details and not a business)
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Business Category
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A Description of your products and services
Step 3: Add your Business Address.
If you do not yet have a business address you can use your personal address instead.
Step 4: Add Your Business Owner Information
Step 5: Add Your Business Owner Address.
You may use the business address if they are the same or add your own personal address.
Step 6: Add Your Billing Information.
This information will be used to designate which account your funds will be deposited into.
Double-check this information and enter your Minimum Payout Amount which must be no lower than $35.
You must also enter your Refund Reserve Amount which must be no lower than $100. This is the amount that is kept in your Payments AI account at all times to cover refunds.
It is important to note if you apply in the name of a business you must enter a bank account in the name of that business. The only time you can enter a personal account here is if you do not have a business and are applying as a Sole Proprietor.
Step 7: Documents Verification
Please upload the documents requested. Document verification will be required to fully use your Payments AI account, including payouts. If you want to skip this step now, refer to this document verification article after your initial sign-up.
If you are a startup and do not have 3 months of credit card processing statements, that is okay. You can skip this step.
If you are applying as a Sole Proprietor and do not have business articles, please be sure to upload a bank document to verify your account information.
Bank Document: A voided check from your financial institution, or a bank letter confirming Legal Entity association with the bank number provided. Temporary checks will not be accepted, and bank letters must be on bank letterhead.
Step 8: Verifying Your Information.
Once your initial documents pass preliminary verification checks, your account will be successfully connected. In most cases, this happens quickly. At this stage, you will be able to begin processing up to $5000.
Once processing begins, your application and documents will go through a final review as well as your website to ensure compliance with card brand regulations. If any additional documentation is required, you will receive an email.
IMPORTANT: If you have begun processing but did not complete requests for additional documents or your website is not in compliance with card brand regulations, then decide to cancel your ClickFunnels subscription, you will NOT be able to receive any pending payouts.
All documentation and website compliance must be completed in order for payouts to be enabled.
Success! Your account was verified and set up!
