Is my Stripe account set up correctly?

A properly set up Stripe account is essential for accepting payments and receiving payouts. Here’s how to verify everything is configured correctly.

Checklist for a Properly Set Up Account

1. Account Verification Complete

• Login to your Stripe Dashboard
• Look for any banner notifications requesting information
• Go to Settings > Account Settings > Verification to confirm you’re verified

2. Business Information Accurate

• Legal business name is correct
• Business address and phone number are current
• Tax ID (EIN) or Social Security Number is provided
• Business description matches your actual business type

3. Bank Account Connected

• Go to Settings > Bank accounts and scheduling
• Verify your bank account is added and verified
• Check that account numbers and routing numbers are correct

4. Payment Methods Enabled

• Ensure “Card payments” is activated
• If using Terminal readers, verify “Terminal” is enabled
• Check that your country supports the payment methods you need

Signs Your Account May Not Be Set Up Correctly

• “Restricted” or “Pending” status in your Dashboard
• Unable to create charges - Payments fail when you try to process them
• No payout schedule shown - This indicates a missing bank account
• Requests for documentation - Stripe needs more information to verify your business

What to Do If Setup Is Incomplete

If Stripe is requesting additional information:

1. Click the notification banner or go to Account Settings
2. Upload requested documents (business license, ID, etc.)
3. Wait 1-2 business days for Stripe to review
4. Check your email for updates from Stripe

Most verification issues are resolved quickly once the requested information is provided.