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Payments

Setup your bank account in Figure.

Ned Creed avatar
Written by Ned Creed
Updated over a week ago

Payments page in Settings

If some text below looks familiar, it is because we made it part of the Beginner’s Checklist.

Start by clicking on the Settings button in the upper right corner of any screen in your Figure account. Then click on the Payments tab. This is where you enter all of your company banking information...where you want the money from wine sales to go. There are two steps in the process.

Step One:
When you start there will be a screen detailing your credit card processing rates along with a list of the $0 fees. At the bottom of the screen is where you will see a large green button saying Get Started. Click that and get started entering your banking information.

**Very Important**The “Business Name” is the name that matches your tax filing. Please be sure you are aware if your “Business Name” and your winery name (DBA) are different when filling out this banking information in your Figure account. If you enter this information differently than how you file with the IRS it could lead to penalties, fines, or additional withholdings.

Once you enter that information and click the green button at the bottom (Securely Submit for Underwriting), there will be a process to verify the bank account. 

Step Two:
The verification process will involve two small deposits put into your bank account by Stripe/Figure and you will need to enter those amounts back into Figure as a confirmation. It could take 2-3 business days for those deposits to appear in your account.

You will see a screen on the Payments page of your Figure account that looks similar to this photo:

That means Step Two is almost complete. Click the Verify Account button to view the prompts for entering the two amounts that Stripe/Figure deposited into this bank account.

The photo below of a Wells Fargo account is an example of what the two deposits are named when verifying the banking setup of your Figure account. 

Once that process is complete the Payments page will show as complete and you will be set for orders to commence.

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