Setting up your payments

This is a step-by-step guide on how to set up card payments for your business.

To start this process, go to your Dashboard (partners.yoello.com) and go to the 'Payments' section.

Once you have reached the payments section, select 'Complete Sign-Up Form' and get started with the creation of your Stripe Account.

 

Next Step: Verification Code

You will need to enter a phone number in order to receive a verification code from Stripe to start creating your account. 

Once you have received the code via text, enter the code into the necessary field to start creating your Stripe Account.

 

Next Step: Tell Us About your Business

Within this section, you will select the location of your business i.e United Kingdom, and you will also select the Type of Business I.e Non-Proft, Company or Individual/ Sole Trader.

 

CAUTION: Please check that you have selected the correct type of entity as there is 
currently no way to go back and change this later in the process.

TIP: IF YOU DO NOT HAVE A COMPANY NUMBER, PLEASE SELECT INDIVIDUAL/SOLE TRADER.

 

Next Step: Tell us more about your business

This section will ask for further Business Details I.e. Legal Business Name, Companies House Registration, Registered Business Address, Business Phone Number, and Business Web Address.

  • Fill in your company's house number (if applicable - Not needed if Individual / Sole Trader).
  • For industry, scroll down to ‘food and drink’ and select ‘Restaurants and Nightlife'.
  • Business Website: Simply enter your Business Website in the following format (https://xxxxxxxxx.com)

TIP: If you don't have a Business Website, you can use a link to your Business' Social Media Pages. 

TIP: If your Company's Trading Name is different to your Yoello Venue Name, please input your Yoello Venue Name in the ‘Doing Business as’ section.

 

Next Step: Business Representative(s) - Verify you represent this business

This section will ask for basic details of a person who has significant responsibility for your business (e.g. executive, senior manager, or you may select someone new if this is not yourself). 

  • Please complete all the required fields, and then select 'I own 25% or more of the company.'

  • After this step, you can add more details for a business owner, if relevant, or click done to proceed with the information you've inputted already. 

  • Next, you can repeat the previous step for any director/executive details on the next few pages.

Payments

The payout details tell us where payments are to be received. I.e. into which bank account. A verification summary will show up next, giving you an overview of the information you have provided. 

  • Please make sure you set your currency before trying to proceed

If you have more than one director, click 'Update' in the management and ownership section to add their details.

Once the above has been completed, please click done at the bottom of the page.

 

Once complete, you'll be redirected to the below page:

Payment setup complete

 

If the account is fully set up, it will say Card Payments 'Enabled'. 

If not, follow the next steps:

  • Check any sections that show 'information required soon' and click 'update' to complete them.
  • If it shows 'Verification needed,' go into the details by clicking 'edit,' and make sure the business information is updated, especially the legal business name, as this needs to match the Companies House database.
  • Once you're happy, click verify now. 

This will produce downloadable proof of the business documents.

 


 

To View your Pay-outs

Once set up, you can use the 'Payment Methods' page to 'view your payouts' from Yoello.

You'll then be redirected to Stripe. From here, you can view your past payouts and any balance owing on the 'Payouts' tab:

Stripe pays their Merchants Monday to Friday, and takes 2 working days after the transaction day to process them. They payout at UTC 0:00. 

  • If you're in the UK on BST + 1:00, you'll need to pull an order summary report from 01:00 - 01:00. 
  • If you're on UTC +10:00, you will need to pull a report from 10:00-10:00.

Schedule for payouts, please note that Saturday, Sunday and Monday's transactions are all paid in one lump sum on Wednesdays:

Payout Schedule:

 


 

If you require any further support with setting up your payments, or any queries regarding pay-outs, please contact us.

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