Wix Payments: The Difference Between Account Types
While setting up your Wix Payments account, you're asked to select an account type depending on how you do business. Usually, this can be either an individual or a business account. There may be other account types available with specific requirements for your region, such as a sole proprietor in the United Kingdom, or a partnership in Austria.  Selecting the correct account type will help you to manage your Wix Payments account in the best way for your business. In this article, learn about:
Individual accounts Business accounts Regional account types Differences between the account types Frequently asked questions (FAQs)Individual accountsChoose this account type if you're doing business as an individual. We recommend this option if you don't have an EIN or a relevant company registration ID. If you're a sole proprietor in the United Kingdom or Italy, read below for regional differences. Payouts are sent to your personal bank account. While registering your details, make sure that the name in your Wix Payments account matches the bank account holder's name. For example, if you've created a Wix Payments account under Lisa Harrison but the associated bank account is listed as "Lisa's Cupcakes", the transfer will fail.Before creating a Wix Payments individual account, make sure you meet the following requirements: 
Acceptable identification: A valid (non-expired) driver's license, government issued ID card or passport. Address: You need to provide a physical address. PO boxes are not accepted. Business description: Include a brief description of your business, stating the type of products or services you sell and their prices. For more information, see our best practices for merchants. Bank account details: The name of the bank account holder needs to match the personal details provided for the Wix Payments account. Please note that only a personal bank account can be used.Business accountsChoose this account type if you're doing business as a company (Partnership / LLC / Corporation / NGO*).Payouts are sent to your business bank account. Before creating a Wix Payments business account, make sure you meet the following requirements: 
Business documents: Your business must have an EIN or the relevant company registration ID for your country. Business details must be exactly as they appear on the company registration document Company address: You need to provide a physical address. PO boxes are not accepted. Bank account details: The details of the bank account holder need to match the business details provided during set up. Your bank account must be a business account registered under your company's name.
Note: If you register a personal bank account, transfers will fail. Account representative: You'll need to add at least one business owner or account representative with a significant role in managing the business. All business owners and account representatives will need to provide a valid photo ID and have it verified (driver's license, government issued ID card, or passport).Using a "Doing Business As" alias?
Choose the account type that matches your bank account. For example, if your bank account is an individual account, you should create an individual Wix Payments account as well.  After your account is approved, add your DBA name in your statement descriptor so your bank recognizes the payouts. Regional account typesYou may see alternative account options when setting up your Wix Payments account. Currently, regional differences apply to the following locations / account types:
Sole proprietor (United Kingdom): UK sole proprietors are required to submit a Unique Taxpayer Reference (UTR) number when setting up their Wix Payments account. Acceptable ID, business bank account details and a physical address are also required.  Sole proprietor (Italy): Sole proprietors in Italy are required to submit a codice fiscale number when setting up their Wix Payments account. Acceptable ID, bank account details and a physical address are also required.  Sole proprietor (Switzerland): Sole proprietors in Switzerland may submit a BID / UID number when setting up their Wix Payments account. Acceptable ID, bank account details and a physical address are also required. Partnership / Association (Germany): Partnerships or associations in Germany may submit a Handelsregisternummer when setting up their Wix Payments account. Business bank account details and a physical address are also required. Partnership (Austria): Partnerships in Austria may submit a Firmenbuchnummer number when setting up their Wix Payments account. Business bank account details and a physical address are also required. Association (Austria): Associations in Austria may submit a Zentrales Vereinregister Zahl number when setting up their Wix Payments account. Business bank account details and a physical address are also required.Account differencesCheck the table below to understand the main differences between each account type.RequirementsIndividual AccountBusiness AccountItaly Sole ProprietorUK Sole ProprietorSwitzerland Sole ProprietorGermany Partnership / AssociationAustria Partnership / AssociationMinimum age of 18 yrsYesYesYesYesYesYesYesPersonal documentsYesYesYesYesYesNoNoBusiness documentsNoYesYesYesYes, if availableYes, if availableYes, if availablePersonal bank accountYesNoYes (Or Business)NoYes (Or Business)NoNoBusiness bank accountNoYesYes (Or personal)YesYes (Or personal)YesYesPhysical addressYesYesYesYesYesYesYesPremium or Studio site planYesYesYesYesYesYesYesCompany registration / EINNoYesYesYesYesYesYesBusiness descriptionYesYesYesYesYesYesYesAccount representativeNoYesNoYesNoYesYesOn occasion, we may require additional information and / or documentation to verify your account. If this applies to your account, we will contact you.FAQsClick the questions below to learn more about setting up a Wix Payments account.I'm the sole proprietor in the UK. Which account type should I choose?UK Sole proprietors are required to submit a Unique Taxpayer Reference (UTR) number as well as a business bank account when setting up their Wix Payments account. 
If you haven't registered for a UTR, or possess only a personal bank account, you can choose an Individual account instead. I have a partnership in the UK. What business registration number am I required to submit?Partnerships in the United Kingdom should supply a UTR number as their business registration number. I'm a sole proprietor in Italy. Which bank account type should I choose?Italian Sole proprietors can submit either a personal or a business bank account. They must also submit a codice fiscale. My NGO is an unregistered charity. Can I use Wix Payments?If your non-governmental organization doesn't have an EIN or any other company registration ID, it is not possible to create a business account. Wix does not support unregistered charities in compliance with our prohibited products and services. As an alternative, you can check other payment providers available in your region to see if they support your NGO type. How should I upload documents to Wix Payments?To send your documents successfully, follow our guidelines for uploading documents to Wix Payments. What happens if my account information doesn't match my documents?The information you include in your account set up must match the documents you provided. If not, the verification will fail and your payouts are put on hold.