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Why Verification Is Required

As a Merchant of Record, Waffo Pancake processes payments and handles tax obligations on your behalf. To comply with financial regulations and ensure accurate invoicing, we collect basic business information from every merchant before enabling payouts. This protects both you and your customers by ensuring:
  • Tax compliance — Correct tax reporting and remittance for your transactions
  • Accurate invoices — Customer invoices display your verified business details
  • Payout eligibility — Funds can only be disbursed to verified accounts

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Payout Setup Flow

Before you can receive payouts, you need to complete a 3-step setup process. You can find this in your store’s Finance page under the Payout Setup tab.
1

Complete Business Details

Fill out your business information in Settings > Business Details. This includes your business name, type, address, contact information, and tax ID. Once submitted, your details are reviewed.
2

Verify Email and Identity

Verify your contact email address via a 6-digit code. This step also covers identity verification (KYC) requirements.
3

Add Payout Method

Connect a payout account to receive funds. Available options include Alipay and bank transfer.
Each step must be completed in order. You can track your progress via the step indicator on the Payout Setup tab.

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Business Details

The business details form collects the following information:
FieldDescription
Business NameYour official registered business name
Business TypeThe legal structure of your business (e.g., sole proprietor, company, LLC)
Contact EmailA business email for payout-related communications
Contact PhoneA phone number for account contact
AddressYour business street address
CityCity of your business address
CountryCountry where your business is registered
Postal CodePostal or ZIP code
Tax IDYour tax identification number (e.g., EIN, VAT number)
Your business details appear on customer invoices and are used for tax calculations. Use your official registered information.
After submitting your business details, they will be reviewed. You can check the review status from the Payout Setup tab — it will show as either pending review or approved.

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Payout Methods

Once your business details are approved and your email is verified, you can connect a payout method.

Alipay

Receive payouts directly to your Alipay account.

Bank Transfer

Direct deposit to your bank account.
You can change your payout method at any time from the Payout Setup tab after setup is complete.

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Frequently Asked Questions

Review typically takes 1-3 business days after submission. You will see the status update on your Payout Setup tab.
Yes. Navigate to Settings > Business Details to view or update your information. Note that changes may require re-review.
You can still create products and accept payments, but payouts will not be disbursed until all three setup steps are complete.