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How do I create a Stripe Merchant account?
How do I create a Stripe Merchant account?
Daniel Freire avatar
Written by Daniel Freire
Updated over 2 years ago

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.

πŸ‘‰ 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

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