Commerce

Merchant guidelines for Coinbase Managed Commerce application

In order to successfully and efficiently complete your application for Coinbase Commerce, please have the following information ready before you begin your application.

  • Your legal entity type, the exact legal entity name as registered, and (optional) the name by which you do business if different from the legal entity name

  • Street address where your business is conducted (PO boxes aren't acceptable)

  • Incorporation information (date of incorporation, country, state, etc.)

  • Your business's industry type (you'll have a number of options to choose from)

  • Reason for a Coinbase Commerce account and its intended use (for example, your business is an online shop and you want to give customers the option to pay in crypto)

  • Financial information (monthly revenue, assets under management, source of funds, expected percentage of crypto payments, etc.)

  • Business-related questions (ownership, if the company is publicly traded, where your customers are located, what products or services you provide, etc.)

    • This allows us to get an understanding of what your business is and how it is operated

Depending on the answers you provide, you may be asked more specific, business-related questions.

Person(s)

Required information

Authorized applicant

Individual authorized by a control person of the company to open a Coinbase account on behalf of an institutional applicant

Name
Date of birth
Address
Proof of address (an official document dated within 3 months, such as a phone bill, utility bill, bank statement, paystub, tax document, etc.)
Government-issued ID number:
US applicants: Social security number, permanent resident tax ID number, etc.
Non-US applicants: Driver's license number, passport number, residential country resident ID number, etc.
The number must be maintained and complete (not the last 4 digits, etc.)
Government-issued ID (color copy of both sides)

Director(s)

Any individual responsible for the management of the company, including executive officers or senior managers.

Examples: Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, or Treasurer

Name
Date of birth
Country of residence
Role within the company

Control person

An individual with significant responsibility to control, manage, or direct an institutional applicant, including an executive officer or senior manager

Examples: Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer, or any other individual who regularly performs similar functions

Note: This list of positions is illustrative, not exclusive, as there is significant diversity in how legal entities are structured.

Name
Date of birth
Address
Proof of address (an official document dated within 3 months, such as a phone bill, utility bill, bank statement, paystub, tax document, etc.)
Government-issued ID number:
US applicants: Social security number, permanent resident tax ID number, etc.
Non-US applicants: Driver's license number, passport number, residential country resident ID number, etc.
The number must be maintained and complete (not the last 4 digits, etc.)
Government-issued ID (color copy of both sides)

Any individual shareholder who owns 25% or more of the company

Name
Date of birth
Address
Proof of address (an official document dated within 3 months, such as a phone bill, utility bill, bank statement, paystub, tax document, etc.)
Government-issued ID number:
US applicants: Social security number, permanent resident tax ID number, etc.
Non-US applicants: Driver's license number, passport number, residential country resident ID number, etc.
The number must be maintained and complete (not the last 4 digits, etc.)
Government-issued ID (color copy of both sides)

Document

Requirements

Acceptable documents

Entity organization chart

A document that shows the ownership structure of this entity

Ensure the heading of this document states the exact legal entity name as it appears on the company formation documents

Shareholders/Members register

A document that shows a record of individuals holding ownership and details of their shares

• Legal entity name
• Details for each shareholder: full name, number of shares, nominal value per share

• Extracts from government registrars
• Certificate of Incumbency
• Articles or constitution of the legal entity

Directors Register

A document that shows a record of active directors elected by the entity’s shareholders

• Legal entity name
• Incorporation details (country/state of incorporation and registration number or similar)
• The director's start date and position

• Extracts from government registrars
• Certificate of incumbency
• Articles
• The entity's constitution

Source of Funds

A document that proves how this entity will initially fund this Coinbase account

• Bank, brokerage, or crypto statement dated within the previous three months
• Capital commitment letter
• Subscription agreement
• Statement of Partner's capital or management attestation of assets and liabilities

Certificate of Incorporation

A document that proves formation of this entity (typically issued by a local governmental agency)

Please provide this document in English, if possible

Articles/Memorandum of Association

A document that includes controlling parties' powers or responsibilities and describes how significant decisions are made. A memorandum of association is a legal document in the formation and registration process. It typically outlines the shape of an entity.

Proof of Operating Address

A document that shows the entity's operating address

Ensure the document is on the letterhead of the service provider, shows the legal entity name, and is dated within three months

Please note that the lists above are not exhaustive. These questions and documents represent the majority of what is required from you in order to make an application to Coinbase Commerce. From time to time, you will be asked for further clarification on certain aspects of the business operations or company structure based on regulatory requirements.

Thank you for your application for Coinbase Commerce!

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