• Updated

How to set up a bill payment account (Beta)

Goal:

  • The following article outlines how to set up a bill payment account. 
  • How to set up stripe treasury financial account

To make a bill payment, the user must set up their Financial Account. This account is powered by Stripe Treasury and acts as a checking bank account. 

Required information

Business Information:

  • Business Legal Name
  • Tax ID/EIN (Employer Identification Number)
  • Business Phone Number
  • Industry

Account Opener Information (Yourself and/or Company Owner)

  • Legal Name
  • Job Title
  • Personal Phone Number
  • Date of Birth
  • Email Address
  • Last 4 Digits of SSN
  • Business Address
  • Image of ID Document (Passport/Driver Licence/ ID Card)

Banking Information

  • Account Holder Name
  • Account Number
  • Routing Number
  • Billing Address

Steps:

  1. On the left-hand navigation bar, select the Settings tab. 
  2. Under the Finance section, select Manage financial account. This will only be visible in your Procurify account when the bill payment feature has been enabled in your account.  
  3. The following page will include a description of the information required for setup. Ensure that you have all the information required before continuing. Select the Get Started button. 
  4. A pop-up window will appear requiring a business address. Confirm that the headquarters address is correct, and select Continue.
  5. Select Verify identity. 
  6. Enter your phone number or email, and you'll receive a verification code. Select Continue. 
  7. Verify the account using the code sent to you. 
  8. On the following page, enter your employer identification number, business phone number, and product description. Select Continue. 
  9. On the next screen, enter your details as the business representative, including name, email, Job title, date of birth, home address, phone number, and social security number. If you own 25% or more of the company, check the box and select Continue. If you do not own more than 25% of the company, the next page will ask you to enter the business owner's information.   
  10. Accept the Terms of Services, Services Agreement, and Treasure Agreement. There are links to read Stripe's Terms of Service.
  11. Finally, confirm the details on the following page. If the information looks accurate, click Submit. 

 

Additional Information: