Business verification is a mandatory step in setting up your organization's Emburse Spend account. This security measure adds another layer of protection to your account.
You will need to provide the name and information of someone who owns or may legally represent your organization. If this person does not own at least 25% of the company, or if there are other people who own more than 25% of the company, you will be asked to provide the details of additional people.
Verify Your Business
1. Select the Gear button to access the Company Information screen.
Gear button to access the Company Information screen.2. Under Business Verification, select Verify.
Alternatively, you may select the Complete Business Verification button in the Verify Your Account banner on the Dashboard.
Or you may access the Set Up Your Account screen from the Admin menu and, in the Verify Your Business box, select Start.
3. You will be taken to Stripe's website to complete verification. First, choose the type of business and, if applicable, business structure. Then select Continue.
4. Enter your business details and select Continue.
5. On the Verify Your Personal Details screen, you will need to enter the name and information of someone who owns or may legally represent your organization.
6. Click Add Another Owner, enter their details, and select Continue.
7. Click Continue.
8. Review the Business, Public, and Management & Ownership details and select Agree and Submit.
9. If one or more of the owners is marked as incomplete, select Edit to provide the necessary additional information.
10. Enter the required information and select Submit.
11. You will be returned to the previous screen, where you may select Agree and Submit.
Account Validation
As you are submitting the form, Stripe attempts to verify the identity of the person(s) you listed by checking the last 4 digits of the Social Security number. If this fails, they will ask you for the full Social Security number. If Stripe still cannot complete validation, they will ask you to submit a photo of the person's government-issued ID. In rare cases, Emburse Spend may contact you for manual verification of the person's identity.
Review and Update Requested Information
In certain cases, you may need to provide additional information during the business verification process. If you see the following message under Business Verification on the Company Information screen, select Review to provide the requested information and complete verification.
"The business verification process was started but is either incomplete, pending review, or new documentation is required as a result of changes to our Know-Your-Customer (KYC) requirements."