Adding owners to B2B Payments account
From your main navigation bar, click on Payments > 'Settings'.
Scroll down to the bottom of the page, where you will see an Additional Owners section. Click 'Add Owner'.
Here, you can input/edit all details of your intended 'Additional Owner.'
Why do you need to add owners of your business?
This information is only required for businesses registered in the UK and SG.
QuickBooks Commerce is legally bound to collect and verify information about anybody who owns at least 25% of the company, in addition to the representative.
For each owner, the mandatory fields are:
- First Name,
- Last Name,
- Date of Birth,
- Street Address, and
- Scanned copy of the Identification Card or Passport.
The address does not need to be in the same country as the account. We will attempt to verify each additional owner, and if the verification fails, we may request more information. If the verification is unsuccessful or the account is found to have withheld information on additional owners, B2B Payments may suspend the merchant account. If that happens, charge creation and payouts will be temporarily paused until the relevant information is provided.