# Workspace Verification

### Why Fungies.io Verifies Your Business

Fungies.io is a **Merchant of Record (MoR)** platform — meaning we legally stand between you and your customers as the seller of record. When a buyer purchases your product, Fungies processes the payment, handles tax compliance, and takes on liability for the transaction. This is fundamentally different from a standard payment gateway.

Because of this responsibility, **every business must be verified before it can start selling.** Here's why:

* **Fraud prevention** — Unverified stores are the primary vector for payment fraud, money laundering, and card abuse. As your MoR, Fungies is liable for any fraudulent transactions that pass through our platform.
* **Card network compliance** — Visa, Mastercard, and other networks require MoRs to perform KYB (Know Your Business) checks on all merchants. Without this, we risk losing our ability to process payments entirely.
* **Chargeback protection** — Understanding your business model upfront lets us detect suspicious activity early and protect both you and your customers from disputes.
* **Tax and regulatory compliance** — As your MoR, we collect and remit taxes on your behalf globally. We need to understand what you're selling to apply the correct tax rules.

Once your activation request is submitted, **our team reviews and approves your store within 24 hours.**

<figure><img src="https://3798839229-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTjX1Zr5bWzjMleIZro2%2Fuploads%2F3yYWnaY8G5rd7vnqGnGg%2Fimage.png?alt=media&#x26;token=571c28d1-a341-4048-94da-c27492c6f7fa" alt=""><figcaption><p>By default - all workspaces are deactivated - you can't sell anything.</p></figcaption></figure>

### How to Complete the Store Activation Form

Navigate to **Settings → Store** and click **"Add Business Details"** to open the Store Activation Request form. Fill in each field as follows:

#### Full Name

Your legal full name as the business owner or authorized representative. This is used for identity verification and contract purposes.

#### Contact Email

The primary email address for your account. This is where Fungies will send activation status updates, compliance notices, and billing communications. Use a business email if possible.

#### Address

Your registered business address (or personal address if you're a sole trader/individual). This must match your official business registration documents.

#### City & Country

The city and country where your business is legally registered. This determines applicable tax rules and regulatory jurisdiction under which Fungies processes payments on your behalf.

#### Website URL

The URL of the website or product where you plan to sell. Our team will review this to confirm your product is live (or near-launch), understand your customer base, and verify that your business model complies with our acceptable use policy.

#### Social Media URL

A link to your business's social media profile (LinkedIn, Twitter/X, Facebook, etc.). This helps us verify your brand's legitimacy and online presence — an important signal in our fraud screening process.

#### Business Description

A concise overview of your company — what you do, who your customers are, and how long you've been operating. Think of this as your elevator pitch to our compliance team. Be clear and specific.

#### Products or Services

Describe exactly what you intend to sell through Fungies. Include product type (SaaS, digital goods, templates, plugins, etc.), pricing model (one-time, subscription, usage-based), and your target market. This information is critical for tax classification and risk assessment.

#### Purpose of Usage

Explain why you're using Fungies specifically as your MoR. For example: *"We need global payment processing with automatic tax handling for our SaaS product sold to customers in the US and EU."* This helps our team understand your use case and configure your account appropriately.

#### Do You Already Have Customers?

Select **Yes** or **No** to indicate whether you have an existing customer base. This helps us assess payment volume expectations and prioritize your review accordingly.

<figure><img src="https://3798839229-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTjX1Zr5bWzjMleIZro2%2Fuploads%2FWc7izfxnra2rHUHfB89j%2Fimage.png?alt=media&#x26;token=f433a6d2-9887-4b73-b423-a53dba8a07a7" alt=""><figcaption><p>Fill out your business details in order to get activated.</p></figcaption></figure>

### What Happens After You Submit

1. **Submission** — Your request is logged and assigned to our compliance team immediately.
2. **Review** — We verify your business details, check your website, and screen against fraud and sanctions databases. This takes up to **24 hours**.
3. **Activation** — Once approved, your store is activated and you can begin accepting payments through Fungies.
4. **Rejection or Follow-up** — If we need more information or cannot approve your application, we'll reach out via your contact email with next steps.