1. InkSoft Help Center
  2. Payments: Set up and configure payment processors

InkSoft Payments Business Types FAQ

The information required for your payments application will vary slightly depending on the type of incorporation of your business.

Typically your business will be one of the following categories: 

  • Sole Proprietor with Employees
  • Sole Proprietor without Employees
  • Corp, LLC, Partner, Gov
  • Nonprofit

Click the below links to see what information you'll need based on your incorporation type:

Sole Proprietor with Employees

Application Section

Information (* denotes required)

About the Business

  • IRS Filing Name
  • Industry*
  • Environment*
  • Business Description*
  • Secondary Payout Descriptor
  • DBA - Statement Descriptor
  • Website
  • EIN Type
  • EIN*
  • Annual Processing Volume*
  • Average Transaction Amount*
  • Address*
  • Address 2
  • City*
  • State*
  • ZIP*

About the Owner

  • First Name*
  • Middle Name
  • Last Name*
  • Country*
  • DOB (MM-DD-YYYY)*
  • Business Title*
  • Significant Responsibility
  • Personal Address of the Business Owner*
  • Personal Address of the Business Owner - Line 2
  • City*
  • ZIP*
  • Email*
  • Phone*

Add Bank Account

  • Add Bank Account
    • Option 1: Add automatically via Plaid (link)
      • Accept Terms*
      • Select your bank*
      • Provide login credentials*
    • Option 2: Add manually
      • Bank Routing Number*
      • Bank Account Number*
      • Confirm Bank Account Number*
      • Bank Account Type*

Terms and Conditions

  • Read, Agree and Consented to the Bank Disclosure Page.
  • Read, Agree, and Consented to the Merchant Terms and Conditions.

Note: You must click into these links on the application in order to proceed.


Sole Proprietor without Employees

Application Section

Information (* denotes required)

About the Business

  • IRS Filing Name
  • Industry*
  • Environment*
  • Business Description*
  • Secondary Payout Descriptor
  • DBA - Statement Descriptor
  • Website
  • Annual Processing Volume*
  • Average Transaction Amount*
  • Address*
  • Address 2
  • City*
  • State*
  • ZIP*

About the Owner

  • First Name*
  • Middle Name
  • Last Name*
  • Country*
  • DOB (MM-DD-YYYY)*
  • Business Title*
  • Significant Responsibility
  • Personal Address of the Business Owner*
  • Personal Address of the Business Owner - Line 2
  • City*
  • ZIP*
  • Email*
  • Phone*

Add Bank Account

  • Add Bank Account
    • Option 1: Add automatically via Plaid (link)
      • Accept Terms*
      • Select your bank*
      • Provide login credentials*
    • Option 2: Add manually
      • Bank Routing Number*
      • Bank Account Number*
      • Confirm Bank Account Number*
      • Bank Account Type*

Terms and Conditions

  • Read, Agree and Consented to the Bank Disclosure Page.
  • Read, Agree and Consented to the Merchant Terms and Conditions.

Note: You must click into these links on the application in order to proceed.


Corp, LLC, Partner, Gov

Application Section

Information (* denotes required)

About the Business

  • IRS Filing Name
  • Business Name*
  • DBA - Statement Descriptor
  • Industry*
  • Environment*
  • Business Description*
  • Secondary Payout Descriptor
  • EIN Type
  • EIN*
  • Website*
  • Annual Processing Volume*
  • Average Transaction Amount*
  • Business Email*
  • Daytime Phone*
  • Customer Service Phone
  • Address*
  • Address 2
  • City*
  • State*
  • ZIP*

About the Principal

  • First Name*
  • Middle Name
  • Last Name*
  • Country*
  • DOB (MM-DD-YYYY)*
  • Business Title*
  • Ownership %*
  • Significant Responsibility
  • Personal Address of the Business Owner*
  • Personal Address of the Business Owner - Line 2
  • City*
  • ZIP*
  • Email*
  • Phone*
  • Which of the principals provided is the primary contact of the business?*

Add Bank Account

  • Add Bank Account
    • Option 1: Add automatically via Plaid (link)
      • Accept Terms*
      • Select your bank*
      • Provide login credentials*
    • Option 2: Add manually
      • Bank Routing Number*
      • Bank Account Number*
      • Confirm Bank Account Number*
      • Bank Account Type*

Terms and Conditions

  • Read, Agree and Consented to the Bank Disclosure Page.
  • Read, Agree and Consented to the Merchant Terms and Conditions.

Note: You must click into these links on the application in order to proceed.

Nonprofit

Application Section

Information (* denotes required)

About the Business

  • IRS Filing Name
  • Business Name*
  • DBA - Statement Descriptor
  • Industry*
  • Environment*
  • Business Description*
  • Secondary Payout Descriptor
  • EIN Type
  • EIN*
  • Website*
  • Annual Processing Volume*
  • Average Transaction Amount*
  • Business Email*
  • Daytime Phone*
  • Customer Service Phone
  • Address*
  • Address 2
  • City*
  • State*
  • ZIP*
  • IRS Not-for-Profit Letter Status*
  • IRS Not-for-Profit Letter Issued Date*

About the Principal

  • First Name*
  • Middle Name
  • Last Name*
  • Country*
  • DOB (MM-DD-YYYY)*
  • Business Title*
  • Ownership %*
  • Significant Responsibility
  • Personal Address of the Business Owner*
  • Personal Address of the Business Owner - Line 2
  • City*
  • ZIP*
  • Email*
  • Phone*
  • Which of the principals provided is the primary contact of the business?*

Add Bank Account

  • Add Bank Account
    • Option 1: Add automatically via Plaid (link)
      • Accept Terms*
      • Select your bank*
      • Provide login credentials*
    • Option 2: Add manually
      • Bank Routing Number*
      • Bank Account Number*
      • Confirm Bank Account Number*
      • Bank Account Type*

Terms and Conditions

  • Read, Agree and Consented to the Bank Disclosure Page.
  • Read, Agree and Consented to the Merchant Terms and Conditions.

Note: You must click into these links on the application in order to proceed.