Sign in and access your "SportsEngine HQ" account.
On the left-hand navigation panel, click Settings.
Scroll down and choose Financial Settings.
Click Get Started to begin.
On the page labeled Enter Organization Details, input the following:
Company Name (Must be the exact legal name that appears on your SS-4 or 147c)
Trade Name of Business (Optional Field)
Company Type
Tax ID (EIN Number) (Required)
Phone Number
Company Address
NOTE: The company address must be a physical place, such as an office building or home address. (Must be a physical address and can not be a P.O. box)
Apartment, Suite, etc
City
State
ZIP
Click Next.
On the page labeled Enter Representative Details, input the following:
First Name
Last Name
Job Title
Phone
Email
Address
Date of Birth
Social Security Number
Passport, photo ID, or driver's license as a png, jpg, or jpeg smaller than 10MB
Ownership %
Click Add Principal Shareholder to add additional shareholders.
Click Remove Principal Shareholder to remove a shareholder.
Shareholders with less than 75% ownership may be required to confirm their ownership status.
Click Next.
On the page labeled Enter Financial Settings, input the following:
Your Organization's Website URL
Must be a live and working URL that represents your organization.
Financial Contact Name
The admin will be able to help your members with billing-related questions.
Financial Contact Email
Statement Descriptor
What the cardholder sees on their bank statements.
Click Next.
On the page labeled Enter Bank Account Details, input the following:
Account Type
Bank Account Nickname
Routing Number (9-digit number)
Account Number
Confirm Account Number
NOTE: The name on the bank account must match your Legal Entity Name or Business Trade Name.
Click Next.
On the page labeled Review and Submit, review the information added to the following pages:
Company Details
Principal Shareholder Details
Financial Settings
Bank Account Details
NOTE: To the right of each page header, click Edit to update and change information.
Check the box to agree to the Terms of Service agreement, then click Submit.
Your Payment Processing Application information will now be submitted for approval. The Financial Contact will receive an email notifying them whether or not the application was approved.
Helpful Tip! My Payment Processing Application was not approved – what can I do?
Completing Tax ID Requirements When Applying for Payment Processing
A valid Tax ID is required to complete all legal verifications related to anti-terrorism and money laundering laws. For more information, click here.
When applying for payment processing, the same information used to file for the Tax ID on the SS-4 form will help guarantee that your application is approved.
If a copy of the SS-4 form is unavailable, you can search for your Tax ID on the IRS's website.
If you are not registered as a business, individuals can apply using their name as the organization's name and their social security number as the Tax ID.
Why Do We Need to Provide a Social Security Number for Our Principal Shareholder?
NOTE: Your Social Security Number is not stored at any time.
Businesses classified as money transmitters are within the scope of the new FinCEN regulations. These new FinCEN regulations call on the CDD Final Rule, which states that we must "identify and verify the identity of customers."
Personal information, as name and Social Security Number, is needed to ensure that the person opening the account is not financially fraudulent/a financial terrorist. This complies with the US Patriot Act. Our payment partner needs this data to verify the identity of the principal shareholder to complete the underwriting process.
This verification is done by an OFAC check. These checks run your information through a database managed by the U.S. Government. The check aims to limit an individual's access to financial products and services that could be used to carry out illegal activities, such as money laundering.