The good news is no you don't need your own Stripe Account! A custom Stripe account is created for you when you first register for Goodshuffle Pro. You will need to confirm a few account details and update the Identity Verification Information. As part of the 'Know Your Customer' regulations, we need to collect information from you in order to verify your account with Stripe. All payments handled in Goodshuffle Pro will be processed through this Stripe account and transferred directly into your bank. Stripe is the Payment Gateway that connects to your account and allows you to receive online payments from your clients. Goodshuffle Pro uses Stripe to process credit cards and other forms of payment.
Goodshuffle serves as the merchant, enabling you to process transactions smoothly within its platform. Stripe, a trusted payment processor, is built directly into Goodshuffle Pro to facilitate these transactions. This integration ensures all payment activities are managed in a centralized and user-friendly environment.
Stripe acts as the processing account for all transactions made through Goodshuffle. Unlike separate Stripe accounts you may already have, the account linked to Goodshuffle is distinct and connects solely to your Goodshuffle account. This connection is verified based on your business information, ensuring secure and accurate setup while keeping it entirely separate from any other Stripe accounts you might operate.
Note: Please ensure the information you enter matches exactly what's on your IRS SS-4 form. When looking at an SS-4 and looking at the legal entity name and address, everything above the first line of the address will be what the IRS has registered on their systems for the name of the business.
The integration of Stripe within the Goodshuffle Pro platform provides several advantages, including:
Streamlined Reporting: Financial reports are readily accessible, simplifying processes for accountants and business owners alike.
Centralized Management: Payment operations are consolidated into one platform, improving efficiency and organization.
Secure Transactions: Payments are processed securely through a verified and isolated account linked to your business.
Entering your bank information is crucial, as this is how you get paid in Goodshuffle Pro. If you collect an online payment but don’t have your bank info entered, the payment will be held in Stripe until you’ve updated your bank info.
You can head to your Account tab to add your company's bank information. Click here for a guide to connect your bank account with Goodshuffle Pro.
Click here for more information about Stripe and how to get paid.
Stripe and Payment FAQs
Can I use my existing Stripe Account? It is not possible to connect to a Stripe Account outside of the one Goodshuffle Pro set up for you. This ensures a secure and seamless payment process, as the Goodshuffle-specific Stripe account is isolated and tailored for transactions within the platform.
The Stripe account tied to your Goodshuffle Pro account is set up specifically for your business transactions. While the account is verified using your business information, it is configured to function exclusively within the Goodshuffle platform. This design eliminates the need for managing a separate Stripe account for Goodshuffle transactions.
My legal business name changed, and my address changed. Where do I go to make these changes in Stripe? Updates to your legal business name and address can be made directly through your Stripe interface, provided by Goodshuffle Pro. These changes ensure your account remains verified and in compliance with regulations.
What are the Credit Card Fees With Stripe, and how are they calculated?
Why do payment processors need my personal information? Payment processors, such as Stripe, require this information for identity verification and compliance with regulatory requirements. This ensures secure transactions and fraud prevention.