Pay Settings
Configure Pay to manage payment processing.
Onboarding
Merchants can use fabric Pay to handle their online payment with payment methods like debit card, credit card and digital wallets like Google Pay and Apple Pay. Enrolling to fabric Pay can be completed online using the payment onboarding form. Once completed, merchants are ready to accept online payments and view payouts and account details.
fabric Pay is powered by Stripe for payment processing and settlement of transactions. The information required in the onboarding form is collected by Stripe on behalf of fabric Pay.
Complete the payment onboarding form
Once logged into CoPilot, select Pay in the top menu
Navigate to the Settings page
Click the Finish payments onboarding button to launch the form.
NOTE: The status is marked as Verification Required until the form is completed. If you leave the form as incomplete, the status will continue to show Verification Required and you will receive an email notification to complete the form. The email will be sent to the email setup to access CoPilot.
Once the form is launched, enter the basic contact information.
Mobile number
Email
Click Continue
Enter business info
Country
Type of business
Individual
Company
Sole proprietorship
Single-member LLC
Multi-member LLC
Private partnership
Private corporation
Other/I’m not sure
Nonprofit organization
Click Continue
Enter the business details
Legal business name
Employer identification number (EIN)
Doing business as (optional)
Registered business address
Business phone number
Industry and business website
Click Continue
Enter business representative information. This is typically an executive, senior manager or someone who otherwise has significant responsibility for the control and management of your business.
Legal name of person
Email address
Job title
Date of birth
Home address
Phone number
Social Security Number
Click Continue
If anyone owns more than 25% of your business, enter their information or click Continue with no owners.
Enter an account for payouts. This could be a bank account or debit card where the funds will be deposited for the payment transactions. You will receive one aggregate payout on a rolling daily basis for all transactions that occurred T-2 business days.
Bank account or Debit card
Routing number
Account number
Click Save
Verify all the details provided and click Submit to be redirected back to Copilot settings page
The status is now changed from Verification Required to Verified and you are ready to accept online payments. Once you are live and accepting online payments through fabric Pay, you can view your payouts by clicking View payouts.
You will be redirected to a Stripe hosted express dashboard to view the daily payouts. Note that you will receive one payout per day for all the payments that were authorized and captured 2 business days prior.
Last update: Mar 17, 2022