Name: How to Sign Up for an ElevatePay Business Account
Uploaded: 2026-03-25T14:16:20.000Z
Duration: 1813 s
Description: Follow these steps to register your business, add UBOs, upload compliance documents, and complete the source of funds process on ElevatePay.

Hassan Ameer

How to Sign Up for an ElevatePay Business Account

Open the ElevatePay application to begin the sign-up process.

Start the registration process for a new account.

Choose to create a business account instead of a personal one.

Input the code sent to your email or phone to verify your identity.

Choose the country and type of business entity (e.g., LLC, partnership, sole proprietorship).

Select your country and type of incorporation

Input your business website URL if available.

Choose the appropriate business structure for your company.

Select your business type (e.g., LLC, partnership, sole proprietorship)

Provide the date your business was established.

Give a detailed description of your business operations and what you will use the account for.

Describe your business activities and use case

Specify what you will use the ElevatePay account for.

Select your business use case (e.g., pay contractors, suppliers, payroll)

Enter details for each UBO and control person as required.

Add UBOs (Ultimate Beneficial Owners) and control persons

Provide the required information for each UBO.

Enter UBO personal details (name, email, ownership percentage)

If you fulfill both roles, select both and save your selection.

Multi-select if you are both UBO and control person, then save

Add more individuals if your business has multiple UBOs or control persons.

Add additional UBOs or control persons as needed

Complete the UBO form with details like name, date of birth, and nationality.

Fill out the UBO form with personal information

Provide a document showing the UBO's address (e.g., utility bill, bank statement).

Submit a government-issued ID for each UBO.

Input the official business address as it appears on your documents.

Provide proof of tax registration for your business.

Upload your EIN letter or equivalent tax registration document

Submit a document that verifies your business address.

Upload proof of business address (e.g., EIN letter, utility bill, bank statement)

Provide documents that prove your business is legally incorporated.

Upload proof of business incorporation (e.g., articles of organization, certificate of formation)

Submit documents showing ownership structure.

Upload proof of business ownership/shareholding (e.g., operating agreement, UBO declaration form)

Provide your business's tax registration document.

Upload proof of tax registration (e.g., EIN letter)

Obtain the spreadsheet you need to fill out for compliance.

Enter your business name, client information, transaction volumes, and other required data.

Fill out the source of funds spreadsheet with business and client details

Describe how you use the account and the nature of your business transactions.

Provide detailed explanations for account usage and client payments

Attach documents that support your source of funds claims.

Upload supporting documents (e.g., invoices, signed agreements, bank statements) for each client

Submit the filled spreadsheet as part of your compliance documentation.

Upload the completed source of funds spreadsheet

Ensure all required documents are uploaded for review.

Upload all supporting documents (invoices, agreements, bank statements) in the supporting documents section

Finalize your application and wait for the compliance team to review your submission.

Follow these steps to register your business, add UBOs, upload compliance documents, and complete the source of funds process on ElevatePay.

<p>Give a detailed description of your business operations and what you will use the account for.</p>


Complete Guide to Signing Up for ElevatePay Business Account

Introduction and Starting Sign Up

Adding Business and UBO Details

Uploading Business Documents and Proofs

Filling Source of Funds Spreadsheet

Uploading Supporting Documents and Final Steps

This video provides a detailed step-by-step guide on how to sign up for an ElevatePay business account, covering the entire process from selecting the business type and entering incorporation details to submitting necessary documents such as UBO forms, proof of address, and source of funds documentation. It explains the requirements for different incorporations, the roles of UBOs and control persons, and how to complete compliance checks including ID verification and proof of tax registration. The video also details how to fill out the source of funds spreadsheet with client information, transaction details, and supporting documents like invoices and bank statements to ensure successful account setup and compliance.