What is a Business?
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations that operate to fulfill a charitable mission or further a social cause. The term business also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. Examples of Business Types include – Sole Trader, Partnerships, Corporations, Partnerships and Companies. Currently, only registered Saint Lucian businesses and companies are allowed to sell on SHOPFRONT. In order to have your Shopfront Store approved and launched you will need to supply your KYC documentation.SHOPFRONT Business Accounts
Shopfront is excited to help any registered Saint Lucian businesses transition to our platform. To ensure a smooth Shopfront experience there are a few things you need to know:- As part of the signup process, all sellers are required to provide personal and business verification documentation as indicated below. This helps to protect all parties who are involved in the processing of transactions (such as buyers, sellers, platform owners, payment processors, credit card companies and banks) from liability arising from any possible activity deemed fraudulent or illegal by relevant authorities.
- Once the required documents, based on your type of business, are submitted to us, SHOPFRONT staff will evaluate them. If they meet the mandated KYC requirements, your business will be marked as VERIFIED and you will then be able to begin selling on SHOPFRONT.
- This process will take one (1) business day to complete once all valid documents are submitted. In the meantime, you will be allowed to continue to set up your shop and upload your product information while this process is ongoing.