Wix Payments Account Types

　　Wix Payments offers different account types to cater to various business needs. The main account types include Individual Accounts and Business Accounts.

• Individual Accounts:
• Ideal for individuals conducting business without an EIN or company registration ID.
• Payouts go to the personal bank account.
• Requirements:
• Valid identification (driver's license, government-issued ID, or passport).
• Physical address (PO boxes are not accepted).
• Brief business description.
• Personal bank account details matching the Wix Payments account holder's name.
• Business Accounts:
• Suitable for companies (partnerships, LLCs, corporations, NGOs).
• Payouts are sent to a business bank account.
• Requirements:
• EIN or relevant company registration ID.
• Physical address (PO boxes are not accepted).
• Business bank account details matching the company registration document.
• At least one business owner or account representative with a valid photo ID.
• Regional Account Types:
• Specific requirements for different regions, such as:
• Sole Proprietor in the UK: Requires a unique taxpayer reference (UTR).
• Sole Proprietor in Italy: Requires a codice fiscale number.
• Partnerships in Germany: Requires a Handelsregisternummer.
• Partnerships in Austria: Requires a Firmenbuchnummer.

　　

Wix Payments Broker Account Opening Process

　　To open a Wix Payments account, follow these steps:

• Choose Account Type:
• Decide whether you need an Individual Account or a Business Account based on your business structure.
• Gather Required Documents:
• For Individual Accounts: Prepare valid ID, proof of address, business description, and bank account details.
• For Business Accounts: Collect EIN or registration ID, proof of address, bank account details, and identification for account representatives.
• Visit Wix Payments:
• Go to the Wix Payments website to start the registration process.
• Complete Registration Form:
• Fill out the necessary information, ensuring that all details match your documents.
• Submit Required Documents:
• Upload the required identification and business documents as per your account type.
• Verification Process:
• Wix Payments will review your application and documents. Additional information may be requested for verification.
• Account Approval:
• Once approved, you will receive confirmation, and you can start using your Wix Payments account to manage transactions.

　　For more detailed information, you can visit the Wix Payments Help Center.