Billing Setup
How to activate your Stripe account and enter your financial institution information in order to launch the bike share program.
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How to activate your Stripe account and enter your financial institution information in order to launch the bike share program.
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In Movatic Admin, under the Settings > Billing section, you have the option to modify your currency and tax rate based on any location. Below that, you will see the Bank Account area, which will display your bank name, routing number, and the last 4 digits of your account number. This is the same area where this information is edited, if your bank account needs to be changed.
When you input your account information, you have the option to verify as a company or verify as an individual. Each option will redirect you to a Stripe page where you will enter in all your banking information. Once completed, your business or individual name, address, and confirmation of a tax ID will appear here.
Setting up your Stipe Payments is part of the which will help build a good foundation in your system. To set up your stripe payments, the first thing you will need to do is to go to Settings > General > Enable Billing. Ensure that the box is checked and hit Save Changes so that the Billing tab will appear on the Settings page between Open Data and Branding.
On the Billing page, you will need to scroll down to the bottom of the page to set up your Account Information. You can either verify as a company or as an individual.
Both buttons will redirect to admin to the Stripe page as shown below. If you are verifying as a Company you will need to fill out the business details such as the business name, number, doing business as, and registered business address.
Alternatively, if you are verifying as an Individual you will need to fill out your personal details such as your full name, date of birth, and home address.
Once you are done filling out the form, click Continue and you will be asked to review your details.
Select Submit when done and you will be directed back to the Account Information page on your Movatic Admin dashboard and you will see your Stripe information.
When setting up billing take a peek at the tax rate and make sure it’s appropriate for your entity (government and NPOS are always going to have a 0% tax rate).
Tandem will make sure we understand whether or not rentals are even taxable in your state/county/city (we ask our attorney each time we launch a new market).