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: If you have a Clearent account with another platform or your own personal Clearent account, you will not be able to use it with Studio. You will need to create a new Clearent Merchant Account under Studio in order to process payments.
Additionally, Clearent accounts are currently only offered for NEW Studio customers.
Step 1. Go to Settings > Clearent Payments > Connect with Clearent
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.
Step 2. Add Bank Account Info. If you don't have this information immediately available, no worries, you can enter this later.
*Notes:
Clearent verifies bank accounts, identity, etc, and may require additional information from you. Here are two common additional verifications:
Voided Bank Check
Photo Identity Card
You cannot start receiving money from members until you have set up your Clearent Merchant Account & Bank Account Information.