How to Set Up Your Stripe Account (For Restaurants)

  • Once your restaurant is active on RICEPO, you should receive an email from Stripe with subject: RICEPO payments: claim your Stripe account

  • Open the link in the email and set up your password, then it will bring you to your Stripe dashboard

  • On the top-left corner of the dashboard, click Activate your account to start your application

  • Below is the instruction for each field:

    • Your Product

      • Tell us about your business: Describe your restaurant (eg: Chinese Food Restaurant)
    • Account Details

      • Business Type: Choose Your Business Type (eg: LLC)

      • Legal Name: Your Business Full Legal Name (eg: XXX, LLC)

      • EIN(Tax Id): Your Business 9-Digit Federal Tax Id or EIN

      • Business Address: Restaurant's address

      • Your Website: Restaurant's Website

    • You, the company representative

      • Enter your own Full name / DOB / Last 4 of SSN
    • Credit card statement details

      • Business Name: Your Business Full Legal Name (eg: XXX, LLC)

      • Phone: Restaurant Phone Number

    • Bank details

      • Enter you banking information so we can transfer you the payments
  • Double check your bank account and click Activate account

  • It will take several hours for Stripe to verify your account, once it's done, you will receive your weekly payments as your Stripe balance.

  • By default, your Stripe balance is automatically paid out to your bank account on a daily rolling basis. However, you can control how frequently funds are paid out in your dashboard => Transfers => Settings => Transfer Schedule