Shoplazza Payments: United States Region Overview

Businesses located in the United States can use Shoplazza Payments to accept debit and credit cards from Visa, Mastercard, American Express, Discover, and Diners Club. Additional payment options include Apple Pay, Google Pay, and Buy Now Pay Later services such as Affirm, Afterpay, and Klarna.

Requirements for using Shoplazza Payments

To effectively use Shoplazza Payments ensure you meet the following criteria. For detailed information, please refer to the Shoplazza Payments (USA) Terms and Conditions .

Bank account requirements

Note

Upon activation of Shoplazza Payments, eligible merchants can receive funds into their Shoplazza Balance account as soon as T+2. These funds can be reviewed at any time.

Funds from Shoplazza Payments can be transferred either to a Shoplazza Balance account or an eligible external account. Before linking your bank account to Shoplazza Payments, make sure that it meets the following criteria:

Account type: The bank account must be a full-service checking account based in the United States and operate in USD.
Transfer eligibility: Account must be eligible for ACH (Automated Clearing House) transfers.

Personal information requirements

Due to regulatory differences across regions, providing personal and business information is essential. This data helps identify the users of Shoplazza Payments, including the beneficial owners of corporate entities and ensures compliance with laws aimed at preventing financial crimes such as money laundering and terrorism financing.

Ongoing compliance checks

Shoplazza and its partners may periodically request additional information to ensure compliance with evolving regulations. These checks can occur at any time during the active period of your account.

Documentation requirements

To meet regulatory standards, certain documents are essential when setting up and maintaining your Shoplazza Payments account:

Personal identification: Documents verifying the identity of the individual setting up the account.
Business information: Documents related to the business linked to the Shoplazza Payments account.
Significant controllers: Identification of individuals with substantial control over the company, such as owners or executive officers with statutory signing authority.

Document verification tips

Ensure all documents provided for verification meet the following criteria:

Clarity and size: Documents should be clear and large enough to be easily readable.
Accuracy and validity: Documents must be accurate and valid at the time of submission.
Current information: Ensure documents are up-to-date, with the most recent dates and information.
Completeness: All necessary details must be visible and complete, without any parts being obscured or cut off.
Error-Free: Review documents for any errors or spelling mistakes.
Consistency: Documents must match the information previously provided to Shoplazza Payments.

Acceptable documents for individuals and businesses in the U.S.

Identity documents:

Passport
Passport card
Driver’s license
State-issued ID card
Permanent Resident ID/U.S. Green Card
Border crossing card
New York City ID card
U.S. Visa card

Corporate/Entity documents (choose one):

IRS Letter 147C
IRS SS-4 Confirmation Letter

Note

Verification of your Shoplazza Payments information will be conducted against records from the U.S. Internal Revenue Service. The information entered, such as the Employer Identification Number (EIN), business name, and owner name, must exactly match the details on your IRS CP575 statement or IRS Letter 147C, consistent with your IRS W-9 form. Verify these details with the IRS or consult a tax professional if unsure.

Payment period

The payment period refers to the time from the receipt of a customer's payment to the deposit of those funds into your bank account. The date and time of the customer's payment are recorded in UTC.

Note

Please be aware that funds may not immediately appear in your bank account after being sent. Banks typically require between 24 to 72 hours to process these deposits.

Payout amount limit

To request a payout, ensure your account balance meets the following requirement:

USD Accounts: Minimum balance of USD 500

If your balance is below this amount, you will not be able to apply for a payout.