Business Verification Requirements
Setting up a business account on ClapPay requires additional verification. Here's what you need.
Business Types We Support
- Sole proprietorship
- Partnership
- Limited Liability Company (LLC)
- Corporation
- Non-profit organization
Required Information
Business Details
- Legal business name
- Business type (LLC, Corp, etc.)
- Industry/business category
- Business address
- Business phone number
- Website (if applicable)
- Tax ID (EIN in US, or equivalent)
Owner/Director Information
For each person who owns 25% or more of the business:
- Full legal name
- Date of birth
- Address
- Government ID
Required Documents
For All Businesses
- Business registration document
- Certificate of Incorporation
- Articles of Organization
- Business license
- Proof of business address
- Utility bill
- Bank statement
- Lease agreement
For Corporations and LLCs
- Ownership documents
- Operating agreement (LLC)
- Shareholder register (Corp)
- Board resolution (if applicable)
- Authorizing ClapPay account opening
For Sole Proprietors
- Business license or registration
- Personal ID
- Proof of address
Owner Verification
Each beneficial owner (25%+ ownership) must:
- Provide personal ID
- Complete selfie verification
- Confirm their details
Verification Process
Step 1: Start Business Verification
Go to Settings → Verification → Business or upgrade from Personal.
Step 2: Enter Business Information
Fill in your business details and upload documents.
Step 3: Add Owners
Add information for all beneficial owners.
Step 4: Submit for Review
Our team will review your application.
Step 5: Approval
You'll receive an email once approved (typically 1-3 business days).
After Approval
Once verified, your business can:
- Accept customer payments
- Send invoices
- Access higher limits
- Add team members
- Use business features
Common Issues
Application delayed?
- Missing or unclear documents
- Incomplete owner information
- Additional verification needed
Application rejected?
- Business type not supported
- Documents don't match
- Prohibited industry
If rejected, you'll receive an explanation and can reapply with correct information.
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