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.
Selecting the correct account type will help you to manage your Wix Payments account in the best way for your business.
Account types per region
You may see different business types when you set up your Wix Payments account. The available types depend on your country or region.
Click your country or region below to see which business types you can choose and what information you may need to provide.
Where do I get my payouts?
Individuals get their payouts to a personal bank account. Sole traders and some sole proprietorships can receive payouts to either a personal or business bank account, depending on your country. All other business types get their payouts to a business bank account.
Austria
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name.
Company: Registered legal entity with a business registration number.
Partnership: Business with 2 or more owners that may be registered as a legal entity.
Association/Non profit: Non profit or membership based group that is registered as a legal entity.
Note: Partnerships in Austria may be asked to provide a Firmenbuchnummer when setting up their Wix Payments account. Business bank account details and a physical address are also required. Associations in Austria may be asked to provide a Zentrales Vereinsregister Zahl.
Belgium
Individual: A business operated by one person without a registered business name or registration number.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Finland
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name.
Company/Organization: Registered legal entity with a business registration number.
Germany
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name.
Company: Registered legal entity with a business registration number.
Incorporated partnership/Association: Business or group with 2 or more owners or members, or a non profit, that is registered as a legal entity.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Note: Partnerships or associations in Germany may be asked to provide a Handelsregisternummer when setting up their Wix Payments account. Business bank account details and a physical address are also required.
Ireland
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name.
Company/Organization: Registered legal entity with a business registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Italy
Individual: A business operated by one person without a registered business name or registration number.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Note: 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.
Lithuania
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name.
Company/Organization: Registered legal entity with a business registration number.
Netherlands
Individual: A business operated by one person without a registered business name or registration number.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Note: Corporations and other registered entities in the Netherlands may be asked to provide a KvK Business Number when setting up their Wix Payments account. Business bank account details, a physical address and a list of company directors may also be required.
Portugal
Individual: A business operated by one person without a registered business name.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Spain
Individual: A business operated by one person without a registered business name or registration number.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Switzerland
Individual: A business operated by one person without a registered business name or registration number.
Sole proprietorship: One person business registered under your own name or a business name with a registration number.
Company/Organization: Registered legal entity with a business registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Note: 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.
United Kingdom
Individual: A business operated by one person without a registered business name or registration number.
Sole trader: One person business registered under your own name or a business name.
Company/Organization: Registered legal entity with a company registration number.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
Note: UK sole traders are required to submit a Unique Taxpayer Reference (UTR) number when setting up their Wix Payments account. Acceptable ID, bank account details and a physical address are also required.
United States
Individual: A business operated by one person without a registered business name or EIN.
Sole proprietorship: One person business registered under your own name or a business name with an EIN.
Company/Organization: Registered legal entity with an EIN.
Unincorporated partnership: Business with 2 or more owners that is not registered as an independent legal entity.
FAQs
Click the questions below to learn more about account types.
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.
What is the difference between an individual and sole proprietor?
An individual is someone who is not officially registered as running a business. You sign up in your own name and use a personal bank account, and you usually do not have a business registration number.
A sole proprietor is registered as self‑employed (for example, as a freelancer). You are still one person, but you are registered as a sole proprietor. You might have a business bank account or use a personal account, and you might also have a business registration number, depending on your country.
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.
Can I change my Wix Payments account type later?
In some cases, yes. For example, you may start with an individual account and later register a company, or want payouts to go to a business bank account. If your account can be changed online, you see an option on the Edit Account Details page in your Wix Payments settings. If you do not see this option, follow the message in your account to contact Customer Care.
What happens when I change my account type?
When you submit an account type change, your payouts are put on hold while your new details are reviewed. You can keep accepting payments from your customers, but new payments remain pending until your account is verified with the new details. After verification is complete, payouts are enabled again and include those pending payments.
How does changing my account type affect my 1099-K form?
Changing your account type can affect how your transactions are reported for tax purposes. In some cases, you may receive more than one 1099-K form if your payments were processed under different account setups. Learn more about getting a 1099-K form from Wix Payments.
This article is credited to the Wix team - https://support.wix.com/ and we thank them for that!