Individual without a business license

If you are an individual operating your private business legally in your country without a registered business or business license, you can open an account with Paylike.

We require the following in order to approve your account and start transferring funds:

• Social security number
• Resident and citizen status in one of the following countries listed here
• Photo identification (valid driver’s license, passport or similar)
• Address verification (utility bill, governmental letter or any other proof of name and address issued by a third party within the last three months)
• Your EU bank account IBAN

Read more about account approval here.

Personal liability

It is important to take into consideration that you will be personally liable in the case of fraud. We encourage you to become knowledgeable of the risks of accepting credit card payments online.

If you are selling home-made knitted socks, the risk is minimal, but if you are selling goods that can easily be sold on the black market (e.g. Apple computers), the risk is much higher. Reach out to us if in doubt about the risk.