​
Payout Compliance step by step Guide

Payout Compliance

Process to complete payout compliance

​
For India

​
Registered Businesses

Registered businesses in India are classified into different types, each requiring specific documents for verification.

​
Types of Registered Businesses supported:

  • Private Limited
  • Limited Liability Partnership (LLP)
  • Partnership
  • Sole Proprietorship

​
Required Documents for Registered Businesses:

Business TypeDocument NameDescription
Private LimitedBusiness PAN NumberPAN Number of the registered business.
GSTINGST Identification Number for tax purposes.
CINCompany Identification Number
DBA Name”Doing Business As” name as it appears on bank statements.
LLPBusiness PAN NumberPAN Number of the registered LLP.
GSTINGST Identification Number for tax purposes.
LLP Incorporation DocumentDocument certifying LLP registration.
DBA Name”Doing Business As” name as it appears on bank statements.
PartnershipPartnership PAN NumberPAN Number of the partnership firm.
Partnership DeedOfficial deed outlining partnership terms and stakeholder roles.
DBA Name”Doing Business As” name as it appears on bank statements.
Sole ProprietorshipDBA Name”Doing Business As” name as it appears on bank statements.

​
Unregistered Businesses

For unregistered businesses in India, different documentation is required as they are not legally incorporated entities.

​
Required Documents for Unregistered Businesses:

Document NameDescription
PAN NumberPersonal PAN of business owner
DBA Name”Doing Business As” name as it appears on bank statements.
AddressComplete address including Street, City, State, and Zip Code as per proof.
NationalityCountry of citizenship of the individual or entity owner.

​
Key Stakeholders Information - India

Dodo Payments requires detailed information for each key stakeholder associated with the business. Each stakeholder must provide their PAN Card as part of compliance requirements. We accept documentation for up to 4 Key Stakeholders. If you have more than 4 key stakeholders please share the documentation with us by email.

​
Who is a Key Stakeholder?

The following can be Key Stakeholders in the company:

​
Beneficial Owner(s)

The beneficial owner is any natural person who, whether acting alone or together, or through other companies, LLPs, or legal persons, owns or is entitled to 25% or more of the shares or capital or profits of the connected user, or who exercises control over the connected user through other means, including enjoying the right to appoint the majority of its directors or to control its management or policy decisions through shareholding or management rights or through shareholders agreements or voting agreements. If the connected user has more than 1 beneficial owner, please provide us with the requisite documents for all.

​
Business Director(s)

Individuals appointed and currently serving as directors on the board of directors for the connected user in accordance with Indian company laws. Please provide us with the PANs of all Directors.

​
Business Representative

Employee or director of the connected user authorized to act on its behalf in relation to the use of Dodo Payments services.

​
Co-Founders

If the business is not registered, please provide documentation of all the cofounders associated with the company who will own a majority share (more than 25%) or become directors in the company going forward post registration. This can be updated post registration if any changes are made.

​
For Countries Outside India

​
Registered Businesses

Registered businesses outside India are required to submit documents based on their business type for verification purposes.

​
Required Documents for Registered Businesses (Outside India):

Document NameDescription
Tax Identification Number (TIN)TIN or equivalent tax registration number for the business.
DBA Name”Doing Business As” name as it appears on bank statements.

​
Unregistered Businesses

For unregistered businesses operating outside India, Dodo Payments requires the following information.

​
Required Documents for Unregistered Businesses (Outside India):

Document NameDescription
NationalityCountry of citizenship of the individual or entity owner.
DBA Name”Doing Business As” name as it appears on bank statements.
AddressComplete address including Street, City, State, and Zip Code as per proof.

​
Key Stakeholders Information - Outside India

Dodo Payments requires detailed information for each key stakeholder associated with the business. Each stakeholder must provide their Government Approved ID as part of compliance requirements. We accept documentation for up to 4 Key Stakeholders. If you have more than 4 key stakeholders please share the documentation with us by email.

​
Who is a Key Stakeholder?

The following can be Key Stakeholders in the company: Beneficial Owner(s) The beneficial owner is any natural person who, whether acting alone or together, or through other companies, or legal persons, owns or is entitled to 25% or more of the shares or capital or profits of the connected user, or who exercises control over the connected user through other means, including enjoying the right to appoint the majority of its directors or to control its management or policy decisions through shareholding or management rights or through shareholders agreements or voting agreements. If the connected user has more than 1 beneficial owner, please provide us with the requisite documents for all. Business Director(s) Individuals appointed and currently serving as directors on the board of directors for the connected user in accordance with Indian company laws. Please provide us with the PANs of all Directors. Business Representative Employee or director of the connected user authorized to act on its behalf in relation to the use of Dodo Payments services. Co-Founders If the business is not registered, please provide documentation of all the cofounders associated with the company who will own a majority share (more than 25%) or become directors in the company going forward post registration. This can be updated post registration if any changes are made.

​
Tax Forms

​
For U.S. Citizens

U.S. citizens, regardless of their merchant type, are required to submit the W-9 Form. This form is used to report taxpayer identification information to the IRS.

​
Required Tax Form for U.S. Citizens:

Citizenship StatusMerchant TypeRequired FormDescription
U.S. CitizenIndividual & BusinessW-9IRS form for reporting taxpayer identification.

​
For Non-U.S. Citizens

Non-U.S. citizens must submit different forms based on their merchant type, specifically whether they are an individual or a registered business entity.

​
Non-U.S. Citizens - Individual

Non-U.S. individual merchants are required to submit the W-8BEN Form. This form is used to report information to the IRS and claim benefits under an applicable tax treaty.
Required Tax Form for Non-U.S. Individuals:
Citizenship StatusMerchant TypeRequired FormDescription
Non-U.S. CitizenIndividualW-8BENIRS form for non-U.S. individuals to claim tax treaty benefits.

​
Non-U.S. Citizens - Business Entities

Non-U.S. business entities are required to submit the W-8BEN-E Form. This form is used by foreign entities to claim foreign status and, if applicable, a reduced rate of withholding under an income tax treaty.
Required Tax Form for Non-U.S. Business Entities:
Citizenship StatusMerchant TypeRequired FormDescription
Non-U.S. CitizenBusiness EntityW-8BEN-EIRS form for non-U.S. entities to claim tax treaty benefits (if applicable).