Setting up your merchant account is going to be a top priority when setting up your platform. This article will walk you through the setup process so you can set up your merchant account and start receiving deposits.
*Note: Stripe is only available to gyms in Canada and Australia.
π If you have a Stripe account with another platform or your own personal Stripe account, you will not be able to use it with Studio. You will need to create a new Stripe Merchant Account under Studio in order to process payments.
Step 1. Go to Settings > Stripe Payments > Connect with Stripe
Begin by entering your business and personal information.
Key Notes:
Sole Proprietor: Enter Personal Name & SSN
LLC / Corporation: Enter Legal Business Name (not DBA) & EIN
Now your merchant account is set up, move on to Step 2.
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Step 2. Add Bank Account Info. If you don't have this information immediately available, no worries, you can enter this later.
NOTE: Stripe verifies bank accounts, identity, etc, and may require additional information from you. Here's a list of common additional verifications:
Voided Bank Check
Photo Identity Card
Note: You cannot start receiving money from members until you have set up your Stripe Merchant Account & Bank Account Information!
Note: you may receive a text message with a code. This is for your Stripe Login. You can read more about that here: https://support.stripe.com/questions/how-do-i-log-in-to-my-express-dashboard