How do I setup a Stripe account?

How do I setup a Stripe account?

We use Stripe because we believe their technology is like no other.

Summary of article:

1. What is Stripe?

2. How do I sign up for a Stripe Account (for teachers)?

3. How do I fill in Stripe’s requested information?

What is Stripe?

Stripe is a technology company. Its software allows individuals and businesses to receive payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.

How do I sign up for a Stripe Account?

First, you’ll need a Classful account. If you don’t have a Classful account, please click here.

If you Do have a Classful account

Follow these steps to connect a Stripe account:

1. Log in to your Classful account.
2. Navigate to your Account Settings > Financial.
3. Click Stripe Account.
4. Fill in all information.
5. Authorize Classful’s Access to send donated funds to you.

If you Do Not have a Classful account

First, you’ll need to sign up. Next, follow the steps above.

How do I fill in Stripe’s requested information?

Stripe requires all teachers to provide personal information regarding their stripe account.

Please follow the steps to setup a Stripe account:

Note: If you have a Classful account you can find these steps by clicking on Account Settings > Financial > Sign Up Instructions for Teachers.

1. Business address: enter your “home address.”
2. Type of business: choose “individual”
3. Employer Identification Number (EIN): Input your “Social Security” number.
4. Business website: you can skip or include your Classful URL.
5. Business description: enter your profession or position at your school.
6. You, the individual or sole proprietor: enter your First and Last name.
7. Job title: enter your current position.
8. Date of birth: enter your date of birth.
9. Last 4 digits of Social Security number: enter the last 4 digits of your social security number.
10. Home address: enter your home address.
11. Statement descriptor: enter your full name.
12. Customer support phone number: enter your phone number.
13. Routing number: enter account number.
14. Account number: enter account number.
15. Confirm account number: re-enter your account number.
16. Email: enter the email address you want to use to sign into Stripe.
17. Password: add a password you want to use to sign into Stripe to manage your funds.
18. Authorize access to this account: click to allow Classful to send funds to you.

Find all steps by clicking on Account Settings > Financial > Sign Up Instructions for Teachers.