Should I verify Stripe as an individual or as a company?
Choose the right verification type for your business.
Why Use This Feature?
Stripe requires you to verify your account according to your legal business structure. Picking the correct option ensures your payouts are processed correctly and avoids issues with compliance.
Step-by-Step Instructions
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When prompted to verify your Stripe account, choose between verifying as an Individual or a Company.
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Select Individual if you operate as a sole trader. You’ll be asked for:
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Personal details (name, date of birth, address)
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Valid photo ID
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Bank account details in your name
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Select Company if you operate as a registered business. You’ll be asked for:
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Business registration details (company number, business name)
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Director or owner details
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Valid photo ID for directors/owners
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Bank account details in the company’s name
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Submit the details through Stripe’s secure form for review.
What Happens Next
Once verified, your Stripe Connect account will be active and you’ll be able to process payments and receive payouts through LegitFit.
Success Tip
Match your verification type to your legal setup: sole traders should verify as individuals, and registered businesses should verify as companies.